Singapore’s Hyflux supports SGI restructure deal

The firm will work with SGI to "facilitate the adoption and implementation of this proposal by the various stakeholders on a timely basis, ” Lau Wing Tat, a Hyflux director, said in a filing to the Singapore exchange Friday.

SINGAPORE: Hyflux Ltd., in its third year of a debt-restructuring process, supports a plan proposed by Strategic Growth Investments LLC to acquire and privatise the Singapore-based water-treatment company in a transaction including a cash injection of S$208 million ($154 million).

The firm will work with SGI to "facilitate the adoption and implementation of this proposal by the various stakeholders on a timely basis, ” Lau Wing Tat, a Hyflux director, said in a filing to the Singapore exchange Friday.