Distress call

Can a new white knight rescue Hyflux?

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.

Hyflux has desalination plants in Oman and Algeria.

Han Shih Toh

May 07, 2019

Pressing demands for repayment from creditors raise the question of whether a new white knight can rescue Hyflux in time. Just days after the Singapore-listed water treatment and power company unveiled United Arab Emirates (UAE) water and power company Utico as a potenial invesor, it disclosed demands for payment from BNP Paribas.

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