WATER treatment company Hyflux could get an emergency injection of S$400 million from Emirati utilities group Utico FZC, it said in a bourse announcement late on Friday night.
Utico plans to invest to keep the debt-hit Hyflux's key entities"intact and operational", with the funds to go towards equity and working capital purposes"and possible urgent interim funding", said Hyflux.Market voices on: The company seemed for a spell to have been left high and dry when it parted ways with Indonesian consortium Salim-Medco Investments in April, after national water agency PUB moved to take over Tuaspring desalination plant, a critical Hyflux asset.
Source: News Formal (newsformal.com)
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