Singapore’s Hyflux supports US-based SGI's restructuring plan

Singapore’s Hyflux supports US-based SGI's restructuring plan

Source: Hyflux headquarters in Singapore. (Photo by Mayuko Tani, Nikkei Asian Review)

Hyflux Ltd., in its third year of a debt-restructuring process, said it’s supporting a plan proposed by Strategic Growth Investments LLC to acquire and privatize it in a transaction that would include a cash injection of S$208 million ($154 million).