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Hyflux suspends contract for desalination package in Iran

Company says it is unable to maintain the banking support to receive payment for works to be performed under the contract


HYFLUX has suspended a contract for a seawater reverse osmosis desalination package in Iran, which the company said on Friday is expected to have a material adverse effect on its financial performance.

The contract was signed in April between Hyflux subsidiary Hyflux...

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