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Company eyeing the independent's upstream assets to maximise recovery of its loss

Hyflux, which was put under judicial management last November, will be fielding several possible bids in the months ahead as it tries to avoid running out of money. The water-treatment company has at least seven non-binding offers from potential investors, according to two people familiar with the matter. It needs to move fast: the firm had $18.4 million of cash as of Jan 31, enough to survive five months from that date, the people said, asking not to be identified because the matter is private. The suitors have shown interest in Hyflux as a whole or for some of its assets, but the bids have ...

  Two Galway-based directors of an Irish-registered international animation company are among five directors who should be made personally liable for the company’s debts of some €42 million, it has been claimed in Commercial Court proceedings. DQ Entertainments Ireland Ltd (DQE) made payments in millions to other companies for assets that did not appear to exist, it is alleged. Leo Condron, Killeely Beg, Kilcolgan, and Dominic Poole, Furrymelia, West Barna, were directors of the company over which Patrick Bance was appointed receiver in October 2019. The others were India-based Ras...

Singapore's fallen Hyflux now has just US$16 million in cash BLOOMBERG © Provided by New Straits Times Singaporean company Hyflux Ltd, which was put under judicial management last month, now has only about S$21.5 million (US$16.2 million) in cash, according to a person familiar with the matter. Pix courtesy of Hyflux web. Singaporean company Hyflux Ltd, which was put under judicial management last month, now has only about S$21.5 million (US$16.2 million) in cash, according to a person familiar with the matter. The amount is enough to last at least 10 months, the person sa...

Singapore’s Fallen Hyflux Now Has Just $16 Million in Cash Bloomberg 12/29/2020 Ameya Karve © Bloomberg The Merlion Statue stands in a near-empty Merlion Park during the "circuit breaker" lockdown in Singapore, on Wednesday, May 20, 2020. Singapore will allow more businesses to reopen on June 2 -- increasing the active proportion of the economy to three-quarters -- after a nationwide lockdown cut transmission of the coronavirus among citizens and permanent residents. (Bloomberg) -- Singaporean company Hyflux Ltd., which was put under judicial management last month, now ...