End of road for Hyflux as High Court approves its winding up

Move after 3-year restructuring bid means 34,000 retail investors likely to get nothing

The Hyflux office in Bendemeer Road last November. The High Court ruling on Hyflux comes after former white knight Utico failed to meet minimum commitments to present a viable restructuring proposal before the hearing on the winding-up application th
The Hyflux office in Bendemeer Road last November. The High Court ruling on Hyflux comes after former white knight Utico failed to meet minimum commitments to present a viable restructuring proposal before the hearing on the winding-up application that was filed by the water treatment firm's judicial managers.ST FILE PHOTO

Beleaguered water treatment firm Hyflux has finally reached the end of the road after the High Court approved its winding up yesterday afternoon.

The move followed a three-year restructuring attempt that involved a number of twists.

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A version of this article appeared in the print edition of The Straits Times on July 22, 2021, with the headline 'End of road for Hyflux as High Court approves its winding up'. Subscribe