DavidYong
Stories by DavidYong
How Hyflux founder Olivia Lum’s business empire came undone
Saddled with S$2.8 billion ($2.1 billion) of unsecured claims and default notices, Hyflux is teetering on the brink of insolvency.
Hyflux rescue in doubt after talks break down with Indonesian white knight
Hyflux said it has no confidence that SM Investments is prepared to complete a S$530 million ($392 million) cash infusion plan.
Discordance over $2b debt at Singapore’s Hyflux comes to head this week
Creditors are due to file proof of the obligations that Hyflux owes them, putting the company’s $2 billion unsecured debt load under an even brighte
Noble Group warns of more losses amid rising restructuring costs
The net loss for the three months to September will be $90 million to $115 million, according to a filing on Monday.
Noble’s top creditors to introduce new restructuring formula in courts this week
The schemes, which buttress the $3.5 billion debt-for-equity rescue, will be introduced in courts in London and Bermuda by Sep 21
Noble signs restructuring deal with senior creditors, slashing debt
The ad hoc group of creditors that signed a binding restructuring support agreement represents 46 percent of the senior debt.
Noble races to reach deal with creditors ahead of March 20 deadline
The company said it was "very close" to reaching final terms on a restructuring deal with a so-called ad hoc group of largely hedge fund creditors.
Clearwater Capital says allocating more money into Indian distressed debt
A $2 billion bank fraud at Punjab National Bank (PNB) and rising bankruptcy cases have rocked the South Asian nation this year.
