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Hyflux should be given chance to survive amid restructuring

Since Hyflux first revealed the extent of its problems last May, it has been granted time extensions to allow it to formulate a viable restructuring plan.

THE annals of Singapore's corporate history are filled with the names of companies that went bankrupt and had to be liquidated, much to the dismay of their shareholders and creditors. From Pan-Electric in the mid-1980s to the S-chips of the mid-2010s, many of these companies were badly tainted...

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