The Securities Investors Association (Singapore) invited Hyflux Ltd. to a townhall meeting for the company to respond to investors’ concerns about its debt-restructuring plan, Bloomberg News reported. SIAS proposed holding the townhall between March 11 and 17, the association said in a letter posted on its website. The investor advocacy group will hold a follow-up meeting with its advisers and investors.

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Commodity trader Trafigura has reached an agreement to buy and then sell on a stake in Puma Energy from a retired Angolan general, aiding the efforts of the debt-laden fuel supplier to attract more lenders and investors, the Financial Times reported. Under a complex deal announced on Monday, Cochan Holdings, an investment vehicle controlled by Leopoldino Fragoso do Nascimento — widely known as “General Dino” — will reduce its stake in Puma from 15 per cent to less than 5 per cent.

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Hontop Energy (Singapore) Pte Ltd, the trading arm of a Shandong-based refiner, has gone into receivership, according to its business profile on the website of Singapore’s accounting and corporate regulator, Reuters reported. Singapore bank DBS, one of Hontop’s creditors, has appointed accounting firm KPMG as the receiver, a KPMG official told Reuters. DBS declined to comment. “Hontop continues to be run by the existing management. The receiver has been appointed over specific charged assets which mainly relate to one trade transaction financed by DBS.

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Koon Holdings on Wednesday said that creditors have approved the scheme of arrangement for its subsidiary Koon Construction & Transport (KCT), as part of the group’s debt restructuring exercise, the Business Times reported. However, Koon Holdings has yet to put its own proposed scheme to a vote, as its creditors’ meeting on Tuesday was adjourned. Before the meeting began, a major creditor had requested the adjournment because it would like to receive more information before committing its vote, Koon Holdings said in a bourse filing.

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Singapore’s embattled water treatment firm Hyflux Ltd. has received interest from a new investor, a day before its next court hearing, adding yet another twist to the nation’s most high-profile debt restructuring case that has dragged for more than 18 months, Bloomberg News reported. Hyflux received a letter from Longview International Holdings expressing interest in investing in the company together with an undisclosed “major Chinese entity” as a joint venture partner, according to a filing. The statement didn’t provide any further details on the plan.

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Singapore Exchange Ltd. published a list of firms that are now required to provide quarterly earnings reports based on its risk-based approach, a few weeks after the city-state scrapped the requirement for most companies, Bloomberg News reported. Hyflux Ltd. and Best World International Ltd. were among 109 names published on the SGX website. The companies either have a qualified report from auditors, worries about them as a going concern or have been identified by the exchange itself for regulatory concerns.

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Aqua Munda, the little-known investor looking to purchase about S$1.8 billion worth of Hyflux’s debts, has extended the deadline of its offer for the second time, CNA reported. It is giving eligible creditors about three more weeks until 5pm on Feb 22 to submit their bids, Aqua Munda said in a press statement on Monday (Feb 3), citing “significant additional concerns” about Hyflux’s situation following a change of legal advisers at the embattled water treatment firm.

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Some of the mom and pop investors desperate to recover money from Singapore’s embattled water treatment firm Hyflux Ltd. are losing confidence they’ll get much of anything back as the wait drags on, Bloomberg News reported. In the latest twist to the city-state’s most high-profile debt restructuring, Hyflux’s legal adviser this week expressed its intent to resign from the case due to “loss of confidence,” while the company said in turn that it has lost trust in its adviser and has since appointed new ones.

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Deutsche Bank AG and a Singapore based hedge fund bought more debt of an embattled Indian shadow lender, highlighting the growing foreign interest in the discounted assets of the financier at the center of a credit crisis, Bloomberg News reported. Deutsche Bank has almost doubled the debt it holds of Altico Capital India Ltd. to 3 billion rupees ($42.1 million) in the last four months, while Singapore-based Broad Peak Investment Advisers Ltd. has acquired debt of about 1 billion rupees, people familiar with the matter said.

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Singapore Exchange Ltd’s (SGX) regulatory unit is looking into imposing stricter regulations for listed retail bonds, including tightening the admission criteria, a move that follows a high profile default by water treatment company Hyflux, Reuters reported. In a statement on Thursday, Singapore Exchange Regulation (SGX RegCo) said it had set up a working group comprising representatives from law firms, banks and an investor group to review the retail bonds regulatory framework.

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