Tag: Utico

S$400 million Hyflux-Utico deal confirmed

Singapore—On Tuesday, November 26, a S$400 million restructuring agreement between embattled water treatment company Hyflux and the United Arab Emirates utilities company Utico was...

Hyflux: No definitive agreement with Utico just yet

Singapore—While reports emerged that United Arab Emirates-based utility Utico had already struck a restructuring deal with beleaguered water-treatment firm Hyflux on Wednesday, August 28,...

Would-be Hyflux white knight urges water treatment firm to choose investor “without delay”

Singapore—Middle Eastern utility company, Utico which has expressed interest in investing in Hyflux, the beleaguered Singaporean water treatment company for a few months now,...

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...

Utico extends Hyflux signing deadline to June 27, requests town hall for shareholders by...

Singapore—Embattled water treatment company Hyflux has received an extension from Middle East utility company Utico on its term sheet signature validity. Originally expiring on June...

Hyflux gets 2-month extension on debt moratorium

Singapore— While Hyflux continues to meet with potential investors to discuss a rescue and restructuring plan for the beleaguered water treatment firm, the High...

Hyflux has not yet agreed to definite concessions, still on the lookout for other...

In its continued search for potential investors, Hyflux confirmed in a statement that it had a recent meeting with Utico but that the meeting...

Hyflux’s 34,000 retail investors may get cash redemption from white knight Utico

Singapore—In what seems like a ray of hope for the 34,000 retail investors who stand to lose the money they had put into embattled...

After severe cost-cutting, Hyflux’s Olivia Lum says the company has enough funds for 2-3...

Singapore--Hyflux founder Olivia Lum has said in court documents that the embattled water firm has enough funds for two to three months, following some...

Hyflux reveals Middle Eastern utility company Utico is its new would-be white knight

Singapore—Much beleaguered water treatment firm Hyflux has announced that it is currently in talks with Utico FZC, a utility firm based in the Middle...
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