Hyflux creditors called to file a proof of claim

Parties who did not file by 5 February may not be able to receive payments.

Embattled water treatment firm Hyflux has called for its creditors to file a proof setting out their claim by 5 February 2020 for the scheme meetings on deciding a compromise or arrangement, according to an SGX filing.

However, holders of Hyflux’s notes, perpetual securities and the preference shares are not required to file a proof, as Hyflux will seek leave of court on their behalf to file a proof based on the holdings reflected in the Central Depository’s (CDP) records.

Also read: Utico inks restructuring agreement with Hyflux

For those required, their proofs must set out all known claims against Hyflux, Hyflux Engineering, Hyflux Membrane Manufacturing and Hydrochem, which include present, contingent, future, disputed or undisputed obligations.

Parties who are unable to file their proof on time will not be able to vote in the scheme meetings, and may not be able to receive any payments that was decided in the meetings, the notice stated.

The date of the scheme meetings will be announced once it is ordered by the Singapore High Court.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia