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Will Salim-Medco walk away from Hyflux deal?
Something may have happened outside of the public eye to make it less attractive now
Published Wed, Mar 20, 2019 · 09:50 PM
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Singapore
HYFLUX has been forced into a bind, and its fate could well be sealed without creditors having any say in the matter after all.
In a surprise turn of events, the team of potential investors led by Indonesian billionaire Anthoni Salim has asserted its right to back out of a proposed rescue deal that Hyflux is leaning on to cure its insolvency.
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