Skip to content
Subscriber Only

Hyflux Fields At Least Seven Non-Binding Bids as Cash Dries

  • Company had enough cash to last five months from Jan. 31
  • Bids are either for whole company or certain assets of Hyflux
relates to Hyflux Fields At Least Seven Non-Binding Bids as Cash Dries

Source: Hyflux Ltd.

Updated on

Hyflux Ltd., which was put under judicial management in November last year, will be fielding several possible bids in the months ahead as it tries to avoid running out of money.

The Singaporean water-treatment company currently has at least seven non-binding offers from potential investors, according to two people familiar with the matter. It needs to move fast: the firm had S$18.4 million ($13.8 million) of cash as of Jan. 31, enough to survive five months from that date, the people said, asking not to be identified because the matter is private.