Hyflux looking into bid by one of the two pre-qualified parties for Tuaspring

Keppel and Sembcorp Industries passed the pre-approval by PUB, Bloomberg previously said.

Hyflux revealed that that bid for Tuaspring proposed by one of the two pre-qualified parties is under assessment by the firm. Said bid still remains subject to authority’s approval, they noted.

Previously, a Bloomberg report said that Keppel and Sembcorp Industries passed the pre-approval by the Public Utilities Board (PUB) as potential buyers for Tuaspring.

“On account of confidentiality considerations and requirements and to help protect the company’s interests in ongoing negotiations, the company cannot provide any further comments on the Tuaspring process at this time,” the firm noted.

Hyflux revealed that negotiations for pursuing strategic investments in the overall business of the Hyflux Group are still on-going as part of their reorganisation scheme.

With this, the firm said that they will provide further relevant updates to the public.