Singapore’s Hyflux Faces Liquidation After Investor Talks Fail

Singapore’s highest-profile distressed company Hyflux Ltd. is headed for a potential piecemeal selloff of its assets, capping a years-long saga that has left retail investors and creditors in the lurch.

The judicial manager in charge of the water treatment company since November said that “the remaining value of the Hyflux Group are best realized in a liquidation,” according to a statement late Friday. Such a move would aid the sale of individual assets after negotiations with a potential investor to take over the entire group failed, the manager Borrelli Walsh Ltd. said.

Hyflux -- founded by Olivia Lum, an ...