Hyflux white knight Utico to buy 88% stake for S$535 million

Singapore—Middle Eastern utility company Utico will buy an 88 percent stake in beleaguered water treatment firm Hyflux, for the amount of S$535 million. This was announced via a statement from Utico on July 16, Tuesday. Utico said that the agreement is subject to several regulatory approvals, and also the approval from creditors, the court, investors … Continue reading Hyflux white knight Utico to buy 88% stake for S$535 million