Distress call

Can a new white knight rescue Hyflux?

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.
Hyflux has desalination plants in Oman and Algeria.
Hyflux has desalination plants in Oman and Algeria.
May 07, 2019

Pressing demands for repayment from creditors raise the question of whether a new white knight can rescue Hyflux in time. Just days after the Singapore-listed water treatment and power company unveiled United Arab Emirates (UAE) water and power company Utico as a potenial invesor, it disclosed demands for payment from BNP Paribas.

¬ Haymarket Media Limited. All rights reserved.

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