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Court grants winding-up order for Hyflux

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Claudia Tan HS

Published Wed, Jul 21, 2021 · 08:05 AM

    THE Singapore High Court on Wednesday granted an order to wind up beleaguered water-treatment company Hyflux, while former white-knight suitor Utico was ordered to pay S$5,000 to the judicial managers (JMs).

    The firm's JMs - Patrick Bance and Hamish Alexander Christie of Borrelli Walsh (BW) - were appointed as Hyflux's liquidators. Following that, the JM order was discharged.

    This follows a hearing via Zoom before High Court Justice Aedit Abdullah, on an application filed last month by Hyflux's JMs from BW after restructuring negotiations with potential investors had fallen through.

    HyfluxLiquidationjudicial management

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