SINGAPORE: The judicial managers of Hyflux have filed an application with the Singapore courts to wind up the embattled water treatment firm.
In a filing to the Singapore Exchangelate Friday (Jun 4) night, the judicial managers fromBorrelli Walsh, who were appointed in November last year, said a restructuring is not possible after talks with an investor fell through.
They added that the continuation of thejudicial management of Hyflux is no longer necessary and the remaining value of the company is best realised in a liquidation.
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More than three years have passed since Hyflux, one of Singapores most iconic busines…
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