https://www.bloombergquint.com/business/2018/05/22/hyflux-said-to-mull-seeking-court-protection-for-creditor-talks#gs.9OVbY8o
The once touted Singapore female CEO is going down the abyss now.
Hyflux's share price will tank when it resumes trading.
https://www.businesstimes.com.sg/companies-markets/hyflux-receives-notice-of-default-from-perps-trustee
ReplyDeleteHyflux's bankruptcy is real and coming!
It is not so easy to restructure a company with such a huge debt burden especially when the CEO doesn't have a proper business management background but has to rely on other people to restructure her company.
https://www.channelnewsasia.com/news/business/hyflux-working-hard-to-stay-viable-ensure-fair-treatment-to-10544956
ReplyDeleteLatest update on Hyflux.
It turned out that the CEO relied on independent advisors and bankers for the business decision she made in the $1.1b project.
No wonder Hyflux was in trouble because she didn't know what she was doing.
https://finance.yahoo.com/news/singapore-seizes-water-plant-hyflux-120922050.html
ReplyDeleteRIP Hyflux!