Can the Hyflux restructuring be resurrected?

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IT was hugely disappointing to learn last week that troubled water treatment firm Hyflux Ltd has terminated its agreement with SMI, the only white knight that has emerged over the past year with funds to help Hyflux. Ever since SMI announced its S$530 million rescue package last October, Sias had consistently maintained that no effort should be spared to ensure that SMI stayed in the game, while urging all stakeholders to show up and vote at their respective restructuring extraordinary general meetings in order to stave off liquidation and save the company. Read more at The Business Times.