“Subject to the grant by the Court of a further extension of the existing moratorium, Aqua Munda is ready to provide no less than $10 million of cash funding to meet the on-going operational costs and other working capital needs of the Hyflux Group, such funding to be by way of loan or otherwise on terms and conditions to be mutually agreed,” he adds.
SINGAPORE (June 4): In a letter to Hyflux CEO Olivia Lum and its board of directors sent on Tuesday (June 2), Aqua Munda’s director Bambang Sugeng bin Kajairi says that the company is still “interested” in buying over Hyflux’s debt, according to an SGX filing.
“We are fully cognizant of the cash flow constraints that the Hyflux Group is facing as a result of the drawn out debt restructuring process and the toll that it has on the on-going operations of the Hyflux Group,” says Kajairi.
