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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

Embattled Hyflux is banking on its track record of clinching big municipal liquid treatment projects to snag a rescuer, but observers have questioned how attractive the EPC opportunity really is.


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.

A pure EPC contractor is...

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