Deadline for execution of Hyflux's Tuaspring deal extended to 29 November

Submitted By:  Danielle Isaac Case Study:  No Maybank, Tuaspring’s only secured creditor, approved the extension. Amidst struggles in restructuring, Hyflux obtained Maybank’s approval to extend the deadline for the execution of a binding agreement with a bidder or investor for its Tuaspring divestment process. According to an announcement, Maybank gave a nod to an extension until 29 November 2018. The previous deadline is on 15 October 2018. read more