New Hyflux investor floats offer for debts
Just weeks after Hyflux, Utico ink long-awaited rescue pact, a Singapore firm invites note holders, unsecured creditors to tender for buy-out of some S$1.8b in debts
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Annabeth Leow
Singapore
A NEW investor has come calling on beleaguered water cleaning company Hyflux, making an offer disclosed on Tuesday night to buy over some of its creditors' debts.
The fresh face - Aqua Munda, a Singapore-registered firm - is dangling its offer to holders of Hyflux's 4.25 per cent notes due in 2018 and 4.6 per cent notes and 4.2 per cent notes due in 2019, as well as to unsecured creditors of Hyflux and three of the company's subsidiaries.
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