SINGAPORE: With just about one month to go before a crucial vote on its restructuring plan, embattled water treatment firm Hyflux has found itself served with a notice of default by local authorities – the latest complication to an already-challenging restructuring journey, said observers.
“Now Hyflux has to deal not only with creditors under the scheme arrangement creditors at the asset level, but also PUB to ensure the overall restructuring can be completed.” For retail investors, analysts said this latest development has stirred up more uncertainties but also serves as a “reality check”.
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