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Hyflux plot takes another twist with new debt offer

Singapore-registered Aqua Munda is offering to buy a chunk of the company's debt

Published Wed, Dec 18, 2019 · 09:50 PM
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Singapore

THE unexpected entry of a new player has added yet another twist to the Hyflux plot, and may unsettle the rescue package currently on the table for the beleaguered water treatment and utilities company.

This comes just as the Hyflux saga appears to be finding a resolution with the signing of the S$400 million rescue deal between the company and Middle Eastern utilities group Utico last month.

On Monday evening, a new potential investor, Singapore-registered firm Aqua Munda, which The Business T…

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