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Tuaspring default threatens Hyflux restructuring deal

SM Investments may assert right to terminate agreement if Tuaspring does not remedy PUB's default notice

Hyflux and Tuaspring said that they are seeking legal advice on the investor's notice, and are in communication with PUB and the investor on the matters in the PUB's notice and investor's notice.


HYFLUX'S restructuring agreement with SM Investments Pte Ltd may be terminated if defaults by Hyflux subsidiary Tuaspring Pte Ltd (TPL) are not remedied within two weeks, the water treatment company said in a Singapore Exchange filing on Monday.

Hyflux on Monday received...

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