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HYFLUX SAGA

SM Investments to sue Hyflux for alleged breach of agreement

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

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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.

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

sentifi.com

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