Borrelli Walsh: 17 interested parties in Hyflux

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 share, as well as medium-term note holders 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. Pison, backed by Indonesian magnate Johnny Widjaja, and Singapore-listed developer OUE have pulled out.

Patrick Bance, a Borelli Walsh director based in the Singapore office, said in a concise 25-minute virtual townhall briefing that the 17 potential investors had emerged as a result of its advertisement for expressions of interest from both local and international parties.