Hyflux Gets Six Final Offers With One Covering Retail Investors
- Five offers are for specific assets, person familiar said
- Bid to restructure entire firm has deal for retail investors
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Crisis-hit Singaporean water-treatment company Hyflux Ltd. has six final offers including one to restructure the entire firm, after an April 30 target for finalizing binding term sheets, a person familiar with the matter said.
The restructuring bid is the only offer that takes into account retail investors in Hyflux’s perpetual securities and preference shares, according to the person, who asked not to be identified because the matter is private.