17 parties have signed NDAs to explore investing in Hyflux: JMs
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Singapore
SEVENTEEN parties are interested in the embattled Hyflux and have signed non-disclosure agreements (NDAs) to explore investment, judicial managers (JMs) Borrelli Walsh told perpetual and preference shareholders as well as medium-term note holders at a virtual town-hall meeting on Thursday.
These parties include previously known ones such as American fund manager Strategic Growth Investments (SGI), Spain-based FCC Aqualia, and Middle Eastern utility firm Utico. Meanwhile, Pison, backed by Indonesian magnate Johnny Widjaja, and Singapore-listed developer OUE have pulled out.
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