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Combing through Hyflux's 'no haircut' plan
All it has now is a non-binding letter of intent from an unnamed party, but none of the hoped-for S$400m cash injection will go to perp and pref share holders
Published Sun, Apr 28, 2019 · 09:50 PM
Singapore
HYFLUX wants to woo investors with a new proposal.
The plan (or hypothetical scenario, some might say) it has drawn up relies on Hyflux clinching a new investor for Hydrochem, its engineering, procurement and construction (EPC) business.
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