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Hyflux pressured to conclude rescue deal by September

Singapore court says any further moratorium extension 'difficult' without agreement

SINGAPORE -- Embattled Singapore water company Hyflux has come under increased pressure to conclude a deal with a potential restructuring sponsor by the end of September, after five extensions since last year on its debt moratorium.

On Friday, the Singapore High Court granted a two-month extension on Hyflux's debt moratorium until September 30, giving the company more time to conclude a proposed rescue deal with United Arab Emirates-based Utico.

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