But, in a separate statement, SM Investments said it was "surprised" by Hyflux's action.
SINGAPORE (Apr 4): Water treatment company Hyflux said on Thursday that a lifeline deal with its prospective Indonesian investor had been terminated, throwing the beleaguered Singaporean firm's debt restructuring plans into doubt.
Hyflux said in a statement that a deal with SM Investments, a consortium of Indonesia's Salim Group and Medco Group, had been called off after it failed to confirm its investment ahead of crunch talks with creditors.
