Maybank gives Hyflux more time to execute agreement for Tuaspring
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
HYFLUX said on Monday that it has received an additional month from secured lender Maybank to divest the Tuaspring integrated water and power plant.
Maybank is now giving Hyflux until February 28, 2019 to execute a binding agreement with a successful bidder or investor, an extension of the Oct 29, 2018 deadline earlier agreed upon.
Maybank reserves the right to terminate the collaboration agreement if the new deadline is breached.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
