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Singapore's Hyflux to liquidate after restructuring efforts fail

Judicial manager files for court application to wind up company

Singaporean water treatment company Hyflux collapsed through a combination of heavy debts and a failed move into power generation in 2016. (Nikkei montage with Reuters image)

SINGAPORE -- Embattled Singaporean water treatment company Hyflux will go into liquidation after it failed to conclude restructuring negotiations with potential investors, putting an end to the three decade-old company that was once seen a success story for the city-state.

The judicial manager of the company on Friday filed a court application to wind up the company, according to an exchange filing, facilitating the sale of its assets.

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