Hyflux to sell controlling stake for $290 million

Hyflux has agreed to sell a 60 per cent stake for SGD 400 million ($290 million) to a consortium of Indonesia's Salim Group and Medco Group. The consortium, SM Investments, will lend a further SGD 130 million ($94 million) to the embattled Hyflux.

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October 29, 2018 at 06:19PM