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30-12-2019, 09:19 PM
Sias calls for greater transparency from Aqua Munda in its funding, intentions for Hyflux restructuring
Published 30 Dec 2019
......Aqua Munda has invited the embattled water treatment firm's note holders and unsecured creditors to tender offers for their debts to be purchased at a minimum discount of 85 per cent.......
Most of the queries raised by Hyflux's creditors relate to the identity of Aqua Munda and its director and sole shareholder, Singaporean businessman Bambang Sugeng Kajairi, and whether the company has the necessary funds to complete its proposed reverse Dutch auction, he noted.
A reverse Dutch auction is where the bids offering the highest discounts will be accepted first, until a set pool of funds has been completely used up.......
https://www.straitstimes.com/business/co...ts-funding
Published 30 Dec 2019
......Aqua Munda has invited the embattled water treatment firm's note holders and unsecured creditors to tender offers for their debts to be purchased at a minimum discount of 85 per cent.......
Most of the queries raised by Hyflux's creditors relate to the identity of Aqua Munda and its director and sole shareholder, Singaporean businessman Bambang Sugeng Kajairi, and whether the company has the necessary funds to complete its proposed reverse Dutch auction, he noted.
A reverse Dutch auction is where the bids offering the highest discounts will be accepted first, until a set pool of funds has been completely used up.......
https://www.straitstimes.com/business/co...ts-funding