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.

See: Hyflux restructuring plans rocked by PUB notice to Tuaspring; ESR-REIT files proofs of claims

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook