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SM Investments to sue Hyflux for alleged breach of agreement

Maybank to appoint receivers, managers for Tuaspring assets excluding desalination plant

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Published Fri, Apr 19, 2019 · 09:50 PM

    Singapore

    FORMER white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday.

    Both Hyflux and SMI will be making a grab for the S$38.9 million deposit that was placed in escrow by SMI for the restructuring agreement.

    Hyflux

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