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Can the Hyflux restructuring be resurrected?

The focus now should be for stakeholders and creditors to give the firm time and space to find an alternative white knight by the end of April

IT was hugely disappointing to learn last week that troubled water treatment firm Hyflux Ltd has terminated its agreement with SMI, the only white knight that has emerged over the past year with funds to help Hyflux. Ever since SMI announced its S$530 million rescue package last October, Sias...

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