NATIONAL water agency PUB said on Friday that it has acceded to the request of Hyflux subsidiary Tuaspring Pte Ltd (TPL) for more time to cure its defaults. The default notice period has been extended from April 5 to April 30, subject to conditions.

PUB said TPL had written to it on Wednesday, requesting for the deadline to be pushed to the end of April.

The national water agency said in a statement on Friday: “TPL noted that it is currently loss-making and will require financial support from Hyflux.

However, Hyflux’s ability to provide financial support will depend on whether it is able to complete its restructuring and to obtain the investment from SM Investments.”

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