PETALING JAYA: Malayan Banking Bhd (Maybank) may not be able to receive a full payment of loans taken by Singapore’s global environmental solutions company Hyflux Ltd, according to Nomura.
It was reported that Hyflux’s Tuaspring project received only one bid by the Oct 1 deadline, and that bid, put forth by utilities, marine, and urban development group Sembcorp Industries Ltd, was lower than Tuaspring’s book value of S$1.47bil (RM4.42bil).
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