Utilities
Chart of the Day: Household electricity tariff to fall 4.7% in Q2
Chart of the Day: Household electricity tariff to fall 4.7% in Q2
The staggered launch of the OEM is also bringing down electricity and gas prices.
Utico calls on PUB to delay Tuaspring takeover
The firm’s CEO said that this will help them enter a smooth transaction with the struggling water company.
Hyflux secures non-binding letter of interest from interested investor
The investor is targeting Hyflux assets in the Middle East and North Africa. Hyflux received a non-binding letter of interest from a potential...
Hyflux refutes reports of Utico's binding offer submission
It only received a draft from the Middle Eastern utility’s advisors.
Oyster Bay Fund mulls $500m investment into Hyflux
It is also looking to buy Hyflux shares for up to $26m.
Hyflux thrown short lifeline as Court denies bank efforts to place it under judicial management
Its debt moratorium was extended to 29 May.
Hyflux slapped with $78.68 claim from BNP Paribas
The French bank is claiming the sum over a performance bond issued to Hyflux’s associate firm Tahlyat Myah Magtaa (TMM).
Hyflux discloses identity of potential Middle East white knight
Utico is the largest private full service utility and developer in UAE.
Hyflux CEO Olivia Lum vows to get $1 annual salary until firm ends restructuring
Hyflux is forced to make more cost-cutting measures after the SM Investments deal fell apart.
Hyflux gets one-month lifeline extension
It had asked the court to let it prolong its search for a rescue investor.
Hyflux in talks with potential white knight over $400m investment
The unnamed Middle Eastern entity is an owner of water and power utilities.
Hyflux seeks 3-month extension of protection from creditors
It is also hit by new claims worth $47.96m.
Maybank kills collaboration agreement with Tuaspring and Hyflux
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure.
PUB issues termination notice to Tuaspring
It provides a 30-day notice period before the plant takeover.
Hyflux sues would-be white knight SM Investments for ditching restructuring deal
The water firm is also claiming a $38.9m deposit placed into escrow.
BHP cuts down on white-collar manpower in Singapore and Australia
The mining giant is set to lay off more than 700 functional jobs.
Hyflux falls out of SMI investment over restructuring battle
The utility said it has no confidence that SMI is prepared to complete the investment even if the restructuring gets completed.
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