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Another Financial Approach To Hyflux


Beleagured Hyflux has received a formal expression of interest from an American fund manager to invest at least S$204.78 million. The water treatment company said this in a regulatory filing two days before the High Court hears the judicial management application by the group's unsecured working group of banking creditors. Hyflux separately said that as at 9pm on Monday, it has received 100 letters from various creditors of the group which oppose and object to the judicial management application, and support instead the group's applications for a further two-month extension of the moratoria.