SINGAPORE (Nov 26): Embattled Singapore water treatment firm Hyflux has finally signed a $400-million restructuring agreement with Middle Eastern utility player Utico FZC.

This comes days before debt-laden Hyflux is set to appear before the High Court on Friday to seek an extension on its restructuring moratorium, which is set to expire on Dec 2.

See: Hyflux wins yet another reprieve; debt moratorium extended again to Dec 2

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