April 5 Deadline for Tuaspring Takeover Nears, SM Investments Asked Not To Back Off

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SINGAPORE, Singapore

The Public Utilities Board (PUB) of Singapore has confirmed that it is willing to buy the desalination plant of the Tuaspring Integrated Water and Power Plant for zero dollars (Singapore SGD) from troubled Hyflux Ltd, and will begin the process of taking the facility over if Hyflux is not able to cure defaults under a Water Purchase Agreement by April 5. As part of the deal, PUB has agreed to waive any compensation it might have claimed from Hyflux under a water purchase agreement.