Hyflux receives proofs of claims totalling S$3.5b from 73 parties ahead of rescue plan vote

Hyflux receives proofs of claims totalling S$3.5b from 73 parties ahead of rescue plan vote
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SINGAPORE (March 8): Hyflux International, the debt-laden water company which is undergoing restructuring, has received proofs of claims from 73 creditors and stakeholders totalling S$3.51 billion.

This comes ahead of an April 5 meeting for them to vote on the proposed debt rescue plan.

According to Friday’s filing, the biggest proof of S$540.7 million claims originated from owners of Hyflux’s S$500 million 6% perpetual securities.... (Click here to read the full story)