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What liquidation of Singapore's Hyflux can teach entrepreneurs

Once-brilliant startup's failure screams 'hire good managers early'

Hyflux's liquidation has been approved, allowing judicial managers to start selling the company's remaining assets, though investors are likely to get little. (Photo by Weixian Lim)

SINGAPORE -- Troubled water treatment company Hyflux will finally go into liquidation now that a court has approved an application for winding up the company, marking the end to a charismatic founder's once high-flying startup.

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