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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

It is also unclear how Tuaspring might fit with the Salim Group, which already controls PacificLight Power. As recently as August last year, holding company First Pacific was trying to divest its stake in PacificLight to limit further capital commitments.


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...

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