Thursday 15 November 2018
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todayonline - 1 month ago

Deadline to find buyer for Hyflux’s Tuaspring plant extended to Oct 29

SINGAPORE — Beleaguered water treatment firm Hyflux has managed to secure a deadline extension from Maybank to secure a buyer for its S$1.47 billion Tuaspring plant. The Malaysian bank is the only secured lender of Hyflux’s combined water desalination and power plant. In a company filing to the Singapore Exchange (SGX) on Monday (Oct 15), Hyflux announced that the deadline to execute a binding agreement with a successful bidder has been extended to Oct 29. This is two weeks from its original deadline of

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