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Company Briefs: Hyflux

Jan 02, 2019 - The Straits Times (Singapore)

Hyflux said on Monday that it has obtained approval from secured lender Maybank to extend the timeline for the divestment of its Tuaspring integrated water and power plant.

Maybank is now giving Hyflux until Jan 31, 2019, to execute a binding agreement with a successful bidder or investor, an extension of the Oct 29, 2018, deadline earlier agreed upon. The bank reserves the right to terminate the collaboration agreement if the new deadline is breached.

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