Hyflux restructuring in jeopardy if Tuaspring defaults not solved in 2 weeks
PC Lee • • 2 min read
SINGAPORE (Mar 18): Hyflux’s restructuring agreement with investor SM Investments may be aborted if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks.
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SINGAPORE (Mar 18): Hyflux’s restructuring agreement with investor SM Investments may be aborted if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks.
The water treatment company on Monday announced it had received a notice from SM Investments, which referred to the default notice slapped on TPL by the Public Utilities Board (PUB) on Mar 5.
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