Hyflux says restructuring under threat, cites PUB default notice

Submitted By:  Danielle Isaac Case Study:  No Hyflux and Tuaspring have until 1 April to resolve all defaults or PUB will take control of the plant. Hyflux said the Public Utilities Board’s (PUB) default notice for Tuaspring can threaten its debt restructuring agreement, according to an announcement. Hyflux and Tuaspring said they are seeking legal advice and are in communication with PUB and SM Investments. read more