Hyflux seeks another extension of debt moratorium

It is still in talks with potential strategic investors.

Hyflux and its three subsidiaries have filed another extension of its debt moratorium, an announcement revealed.

The applications are to be heard at the next court hearing scheduled on 2 August 2019 at 2:30 p.m. In May, the moratorium had been extended to 2 August.

The water firm added that discussions continue with potential strategic investors and stakeholders for an investment in the group. “Discussions continue with a view to entering into a binding agreement for an investment in the group,” it said.

Hyflux may see potential white knight Utico take up an 88% equity stake in the company for $400m.

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