Embattled Hyflux scraps agreement with would-be white knight Indonesian SM Investments

Singapore—In the latest development in the Hyflux saga, the company announced that it was scrapping a restructuring agreement with would-be white knight on Thursday, April 4. The water treatment company said they have “no confidence” that the deal with Salim-Medco consortium SM Investments (SMI) will push through. Last year, SMI had agreed to invest S$530 … Continue reading Embattled Hyflux scraps agreement with would-be white knight Indonesian SM Investments