Singapore PUB takes over Tuaspring plant, Maybank shares down


Pic by Straits Times, Singapore

PETALING JAYA: Singapore’s Public Utilities Board (PUB) will take over the Tuaspring desalination plant from debt-laden water and power company Hyflux Ltd.

The country’s national water agency issued a notice to Tuaspring Pte Ltd, asking it to terminate its water purchase agreement with its parent company, Hyflux.

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