Hyflux gets offer from new investor to purchase debts of S$1.8b from creditors, subsidiaries

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SINGAPORE (Dec 18): Hyflux, the debt-laden water treatment company that is undergoing restructuring, said it has received an offer to buy its debt.

Aqua Munda, a Singapore-incorporated company that develops filters to provide clean water, made an offer on Tuesday to holders of Hyflux's 4.25% notes due in 2018, as well as its 4.6% and 4.2% notes due in 2019.

In addition, the offer includes the company’s outstanding debts from unsecured creditors of Hyflux, as well as the debts of three Hyflux subsidiaries, namely Hyflux Hydrochem, Hyflux Membrane Manufacturing and Hyflux Engineering.

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