Hyflux gets another letter of interest

Singapore

YET another unnamed investor is stalking Hyflux.

The company said on Thursday that it has received a letter of interest from Singapore-incorporated Unilegend Investments on behalf of a client.

Unilegend did not name its client but said that its focus is on clean energy and water. Unilegend representative Peng Chun-Sheng wrote: "Our client has plans to carry out seawater desalination projects in Shandong and Tianjin in China and sees great synergies with Hyflux."

The client is prepared to provide working capital for Hyflux if it completes the investment either by becoming a substantial shareholder of Hyflux or by owning the group's debt, he sai…

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