Commentary
Time for Hyflux's company-led restructuring to end?
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Hyflux has been living on borrowed time since it filed for bankruptcy protection in May 2018.
PHOTO: ST FILE
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 debt.
One wonders if the sword will finally fall on Nov 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.
