Toxic Hyflux on brink as Singapore weighs asset seizure

Water treatment company has less than 30 days to avoid liquidation

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A view of Singapore's financial district from Merlion Park. Hyflux played a key role in Singapore's desalination and recycling.  © Reuters

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Pressure is mounting on the Singapore government to seize a troubled desalination plant owned by debt-laden Hyflux after a bailout deal with an Indonesian consortium led by Salim Group collapsed Thursday.

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