SINGAPORE - National water agency PUB has taken over the Tuaspring desalination plant from troubled firm Hyflux on Saturday .PUB said in a statement on Saturday that the move was"to safeguard Singapore's water security".
The desalination facility is part of the Tuaspring Integrated Water and Power Plant that cost Hyflux $1.05 billion. The firm filed for court protection to reorganise its debts in May last year. It had borrowings of $2.95 billion as at March 31 last year.
Nice. PUBsingapore
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Hyflux to lose control of Tuaspring integrated water and power plantSINGAPORE - Embattled water treatment firm Hyflux will lose control of its one-time largest asset Tuaspring Integrated Water and Power Plant this week.. Read more at straitstimes.com. So how did hyflux came to this state? Investments gone wrong? Good Good, save the agony and heartache! At least no more 'duck & dive' and all the bull!
Source: The Straits Times - 🏆 8. / 63 Read more »
Hyflux set to lose Tuaspring Integrated Water and Power PlantHyflux is set to lose its Tuaspring Integrated Water and Power Plant (IWPP), which was once its largest asset but has now been flagged by some analysts as a millstone around the embattled water treatment company's neck. Yesterday, it announced that Maybank, Tuaspring's only... Cheers to PUBsingapore
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Sembcorp Industries keen on Tuaspring power plant, at the right priceSEMBCORP Industries is keeping its options open for Hyflux’s Tuaspring co-generation power plant 'if the price was right'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux announces third potential investor, with letter of interest to acquire overseas assetsHyflux has received a non-binding letter of interest from a potential investor, the water treatment firm said on Wednesday (May 15) in an update ...
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Source: BusinessTimes - 🏆 15. / 51 Read more »
UAE's Utico submits binding offer to invest in Hyflux: CEOABU DHABI (REUTERS) - United Arab Emirates-based utility firm Utico has submitted an offer for a binding agreement to invest in Singapore's Hyflux Ltd, Utico's chief executive said on Sunday (May 12).. Read more at straitstimes.com.
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Hyflux says it has ‘not accepted or entered’ into binding agreement with UAE’s UticoSINGAPORE: Hyflux on Tuesday (May 14) said it “has not accepted or entered” into a binding agreement with United Arab Emirates utility ...
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