Hyflux gets another potential investor

Unilegend Investments is willing to add in an available working capital to the group.

The struggling water firm Hyflux has received yet another letter of interest from Singapore-based investment holding firm Unilegend Investments, an SGX filing revealed.

The letter to Hyflux stated that Unilegend has plans to carry out seawater desalination projects in Shandong and Tianjin in China and sees great synergies with Hyflux. Upon completion of the said investment, whether by becoming the substantial shareholder of Hyflux or the owner of the debt of the group, they are prepared to make available working capital to the Hyflux Group.

“We also wish to state that we would not consider making this investment if Ms Olivia Lum and her current Management and Board of Hyflux Ltd are removed, or if the Hyflux Group is placed into judicial management or liquidation,” Unilegend Investments added.

Hyflux stated that they will make appropriate announcements as soon as there are further developments on this matter. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!