The High Court, on Nov 16, has ruled that beleaguered water treatment company Hyflux Limited will be put under judicial management (JM) with immediate effect, according to national broadsheet The Straits Times.

Borrelli Walsh, a firm that specialises in restructuring, insolvency and forensic accounting, has been appointed as Hyflux’s judicial managers.

The ruling comes following the company’s restructuring attempt that took place for over two years.

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