SINGAPORE (May 10): Hyflux International says it has received another non-binding LOI (letter of intent) from Oyster Bay Fund to invest up to $500 million in the group, subject to regulatory clearance, due diligence and the execution of a definitive agreement.

Oyster Bay Fund, a global multi-strategy investment fund with a long-term investment objective, has indicated that it is keen to work with the company and its advisors on the terms and execution of a binding agreement as soon as possible.

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