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Hyflux wins sixth delay on debt repayment

Troubled water company given until December to secure rescue deal

Potential Hyflux suitor Utico says it's open to holding another meeting retail investors with a view to improving its offer.

SINGAPORE -- The Singapore High Court on Monday granted troubled water treatment company Hyflux two more months to secure a rescue deal.

The sixth extension to a moratorium on the repayment of $2 billion in debt, Hyflux said discussions with United Arab Emirates-based utility provider Utico FZC remained at an advanced stage.

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