Singaporean company Hyflux, which was put under judicial management last month, now has only about $21.5 million in cash, according to a person familiar with the matter.

The amount is enough to last at least 10 months, the person said, asking not to be identified because the matter is private.

The news means this is at least the second year in which liquidity at the water treatment company has more than halved. It had $44.6 million in cash and equivalents at the end of 2019, compared with about $92 million on Dec. 31, 2018, court affidavits from March this year and January 2019 show.

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