Em­bat­tled Hyflux speeds up as­set sale amidst liq­uid­ity crunch

Singapore Business Review - - NEWS FROM SBR.COM.SG -

Wa­ter treat­ment firm hyflux may just be able to stay afloat once it sells its per­for­mance-drag­ging stake in the Tuaspring and Tian­jin Da­gang plants but it needs more time to pull off the sale at a fair value price and avoid fire sales at all costs, an­a­lysts said. hyflux is start­ing a court­su­per­vised li­a­bil­i­ties re­or­gan­i­sa­tion of li­a­bil­i­ties and busi­nesses as it tries to plug mas­sive losses.

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