New Hyflux investor floats offer for debts

Just weeks after Hyflux, Utico ink long-awaited rescue pact, a Singapore firm invites note holders, unsecured creditors to tender for buy-out of some S$1.8b in debts

Singapore

A NEW investor has come calling on beleaguered water cleaning company Hyflux, making an offer disclosed on Tuesday night to buy over some of its creditors' debts.

The fresh face - Aqua Munda, a Singapore-registered firm - is dangling its offer to holders of Hyflux's 4.25