SINGAPORE (Mar 27): Embattled Singapore water treatment company Hyflux’s survival is looking shakier as disagreements with its rescuer deepen.

Hyflux said in a filing that it disputes certain assertions by SM Investments, the consortium of Indonesian businessmen that had agreed last year to take a majority stake in the firm. At the same time, SM Investments is disagreeing with some terms of the restructuring plan put forward by Hyflux, the filing shows.

See: Hyflux's dispute with its rescuer deepens as deadlines near

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