SINGAPORE: Hyflux on Wednesday announced another potential investor which has submitted a non-binding letter of interest.
The potential investor, which was not named, expressed interest in acquiring some of Hyflux's assets in Algeria and Oman, as well as other assets in the Middle East and North African region."The investor’s interest also includes the operation and maintenance activities relating to these assets," said Hyflux in a bourse filing.
It described the potential investor as one of the top 10 largest desalination companies globally, and is a specialist in the engineering, construction, operation and maintenance of water treatment facilities. It has a presence in five continents and aims to grow its portfolio of desalination plants with the proposed transaction, according to Hyflux.
This is the third potential investor which has shown interest in the embattled water treatment firm, which has been under a court-supervised restructuring process since last May.
Source: Healthcare Press (healthcarepress.net)
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