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Fallen Singapore High-Flyer Eyes Court Protection for Debt Talks

  • Water treatment firm has suspended trading of its shares
  • Hyflux founder was poster child for Singapore entrepreneurs
The central business district in Singapore.
Photographer: Ore Huiying/Bloomberg
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Hyflux Ltd., the Singapore water treatment firm, has suspended trading of its shares and related securities and started a court-supervised reorganization process, the company said in a statement late Tuesday.

The move will provide the company with room to focus on ongoing discussions with strategic investors, while seeking to optimize operations and maintain cash flows, Hyflux said in the statement. Ernst & Young Solutions LLP has been appointed as a financial adviser and WongPartnership LLP as a legal adviser.