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.
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