Sembcorp Industries only bidder for Hyflux’s Tuaspring project: Business Times

Singapore two-dollar bills

Sembcorp Industries has emerged as the only remaining bidder for troubled Hyflux’s Tuaspring project, the Business Times reported on Wednesday, citing people with knowledge of the matter.

The report said the bid was below Tuaspring’s book value and won’t fully pay back loans to the project’s main creditor, Malayan Banking.

Read the full article here.

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