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20-04-2019, 02:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Former white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday (April 19).
The move means both Hyflux and SMI will be making a grab for the S$38.9 million deposit that was placed in escrow by SMI for the restructuring agreement.
SMI said it had not accepted the water treatment group's "purported termination" of the investment deal on April 4, adding that SMI only ended the deal on Friday (April 19) in...
SM Investments - want to sue me huh Hyflux? I sue you fucking right back (https://www.sammyboy.com/threads/sm-investments-want-to-sue-me-huh-hyflux-i-sue-you-fucking-right-back.267260/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/sm-investments-want-to-sue-me-huh-hyflux-i-sue-you-fucking-right-back.267260/).
Former white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday (April 19).
The move means both Hyflux and SMI will be making a grab for the S$38.9 million deposit that was placed in escrow by SMI for the restructuring agreement.
SMI said it had not accepted the water treatment group's "purported termination" of the investment deal on April 4, adding that SMI only ended the deal on Friday (April 19) in...
SM Investments - want to sue me huh Hyflux? I sue you fucking right back (https://www.sammyboy.com/threads/sm-investments-want-to-sue-me-huh-hyflux-i-sue-you-fucking-right-back.267260/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/sm-investments-want-to-sue-me-huh-hyflux-i-sue-you-fucking-right-back.267260/).