You are here

NEWS ANALYSIS

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

BT_20190429_MRHYFLUX_3766066.jpg
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.

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.

A pure EPC contractor is...

sentifi.com

Market voices on: