,Singapore

Hyflux packs up, to hold virtual townhall on winding up

This may be one of the last times the troubled water treatment firm could meet with securities holders before shutting down.

Judicial managers of water treatment firm Hyflux will hold an online townhall meeting on June 18 for its securities holders.

This is after the judicial managers from Borrelli Walsh announced on June 4 that it has filed for liquidation of the firm.

Talks with the Middle Eastern utility firm Utico, a potential investor, fell through, Borrelli Walsh said in a bourse disclosure on June 10.

“Utico remains unable to meet the minimum conditions required by the Judicial Managers,” Borrelli Walsh said.

Interested holders who want to join the virtual meeting must register before June 15, 7 pm on this website.

Hyflux first filed for a court-supervised financial restructuring in May 2018.

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