HYFLUX SAGA

SM Investments to sue Hyflux for alleged breach of agreement

Maybank to appoint receivers, managers for Tuaspring assets excluding desalination plant

Singapore

FORMER white knight SM Investments (SMI) will sue debt-laden Hyflux for cancelling the S$530 million rescue deal, it said in a statement on Friday.

Both Hyflux and SMI will be making a grab for the S$38.9 million deposit that was placed in escrow by SMI for the