Maybank gives Hyflux more time to execute agreement for Tuaspring
Add BT as a preferred sourceHYFLUX 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.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
