HYFLUX said on Thursday that its subsidiary, Tuaspring, will have its application for a debt moratorium heard at the Supreme Court of Singapore on July 6 at 2.30 pm. Tuaspring is seeking a stay on creditor claims under Section 210(10) of Singapore's Companies Act, in order to facilitate a court-supervised restructuring process. Tuaspring has a total bank debt of S$518.4 million. This owed to Maybank under a project financing loan, secured by the Tuaspring integrated water and power project. Earlier on Tuesday, Hyflux and four of its subsidiaries were granted a six-month reprieve from creditors by a Singapore court. Tuaspring was excluded from this application. Hyflux and those of its subsidiaries already under a moratorium (excluding Tuaspring) had a cash balance of S$18.6 million as at June 4.