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Time for Hyflux's company-led restructuring to end?

  • 📰 The Straits Times
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  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

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The distressed water treatment firm has been living on borrowed time since it filed for bankruptcy protection in May 2018.. Read more at straitstimes.com.

Get unlimited access to The Straits Times and more at S$ 0.99/month.Get unlimited access at $0.99/month*Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*SINGAPORE- Distressed water treatment firm Hyflux has been living on borrowed time since it filed for bankruptcy protection in May 2018 and obtained moratorium for nearly $3 billion in debts.

One wonders if the sword will finally fall on November 16 at a High Court hearing that is supposedly the last chance for Hyflux to come up with a firm restructuring deal with broad support. Observers say it will likely be put under judicial management if fails to do so.

 

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 /  🏆 8. in KR

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