The judicial managers (JM) of Hyflux Limited, Patrick Bance and Hamish Alexander Christie of Borrelli Walsh, have filed an application to the High Court on June 4 to wind up the company.

In a filing on June 4, Bance and Christie have deemed that the objectives of the company’s judicial management are “no longer capable of achievement” and that the remaining value of Hyflux are “best realised in a liquidation”.

The pair were appointed the judicial managers of Hyflux following a ruling from the High Court on Nov 16, 2020.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook