Hyflux employees. Photo: Hyflux
Singapore water and power company Hyflux’s huge financial problems stun investors
- At one time, the company had seemed to have a gold seal of government approval and promised investors a 6 per cent annual return forever
- But as cash depleted and its liabilities approached the billions, it was forced to seek court protection from creditors to restructure
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Singapore
Hyflux employees. Photo: Hyflux