Hyflux sues would-be white knight SM Investments for ditching restructuring deal

Submitted By:  Sandra Sendingan Case Study:  No The water firm is also claiming a $38.9m deposit placed into escrow. Embattled water firm Hyflux has filed a writ of summons in the Singapore High Court against what could have been its white knight investor, SM Investments (SMI), for repudiation of its restructuring agreement and claim the $38.9m deposit placed into escrow, according to a company statement.  read more