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.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
