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Business deals

Singapore water company Hyflux secures $380m Indonesia bailout

Conglomerates Salim and Medco gain 60% ownership of struggling supplier

SINGAPORE -- Struggling Singapore water supplier Hyflux has secured a capital injection from Indonesian conglomerates Salim Group and Medco Group, which said they will provide 530 million Singapore dollars ($384 million) to the debt-laden company.

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