SINGAPORE (Mar 29): Hyflux International says PUB has agreed to extend the default cure period for its Tuaspring Desalination Plant (TSDP) to April 30 from April 5.

However, PUB says it will rescind the extension immediately under certain conditions.

This included in the event the company’s scheme of arrangement is not obtained at the meeting of its creditors on Apr 5 or if the restructuring agreement signed between Hyflux and SM Investments is terminated for any reason.

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