Hyflux applies for extension of debt moratorium; hit with fresh claims amounting to US$65m
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Fiona Lam
Singapore
HYFLUX and three of its subsidiaries have applied to the Singapore High Court for an additional three-month reprieve from its creditors while it works on another plan to avoid liquidation, it announced in an exchange filing on Tuesday.
The applications will be heard at the next case management conference scheduled on April 25, just days before Hyflux's court-sanctioned protection from creditors expires on April 30.
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