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.
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.
