Hyflux's liquidation a sad day for corporate Singapore

THE judicial managers of Hyflux have applied for the water treatment company to be liquidated. Their success would mark an end to one of the most long drawn out, controversial and unfortunate chapters in Singapore's corporate history.

The case extends more than three years - back to May 2018 when the company first announced it was in trouble and applied for court protection to restructure its debts.

The court granted several debt moratorium extensions, often at the eleventh hour. After almost three years however, even that patience ran out.