SINGAPORE -- Iconic water treatment business Hyflux has applied for Singaporean court protection to begin a debt and business restructuring designed to cope with the firm's cash constraints, the company said Tuesday night.
The city-state's Companies Act automatically grants Hyflux a 30-day moratorium during which the business receives protection from certain actions by creditors such as forfeiture. Hyflux seeks a six-month moratorium from the court.
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