SINGAPORE (Sept 30): Distressed water treatment company Hyflux has bought itself yet more time, after the High Court on Monday granted another two-month extension of its debt moratorium to Dec 2.

Hyflux and its three subsidiaries – Hyflux Engineering, Hyflux Membrane Manufacturing, and Hydrochem – had applied for the extension on the moratorium.

The reprieve will – once again – come as a relief for Hyflux, which is under intense pressure from creditors.

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