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Maybank gives Hyflux till Oct 15 to find Tuaspring buyer

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Hyflux founder Olivia Lum says the company is in discussions with four parties on a possible sale of the Tuaspring plant. However, her insistence on getting no less than book value for the loss-making asset means no offers have been accepted so far.

Singapore

MAYBANK, Hyflux's largest secured lender, has agreed to give the water project developer until Oct 15 to find a buyer for the Tuaspring integrated water and power plant and ink a binding purchase agreement.

Hyflux also has to get approvals from Maybank, the Public...

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