Hyflux rescue deal held up by differences within board: Utico

Amid conflicting accounts of the status of Hyflux's restructuring agreement, white knight Utico yesterday blamed alleged differences within the Hyflux board for the holdup in the signing of the...

Hyflux says no definitive rescue deal reached with Utico

Hyflux said it is in "highly advanced discussions" with Utico and will continue to engage with each other.

Hyflux to 'engage exclusively' with Utico until Aug 26 for a rescue deal

HYFLUX intends to enter into exclusive talks with Utico from now until Aug 26, as its negotiations with Utico are the most advanced among all the potential investors, the beleaguered company said...

Half-price side offer to Hyflux's unsecured lenders: Lum

AN affidavit filed in the Singapore Court last Friday showed that Borrelli Walsh, adviser for water treatment firm Hyflux's unsecured working group of lenders, had offered Utico a half-price deal...

Utico clarifies that Hyflux has until Aug 26 to ink a deal

DAYS after it gave Hyflux an ultimatum to sign a definitive deal, failing which it would walk away from a potential investment into the insolvent water treatment firm, Middle Eastern utility firm...

Utico gives Hyflux up to Aug 16 to ink a definitive deal

UTICO wants debt-ridden Hyflux to sign a definitive agreement for a rescue deal by Aug 16, failing which it will walk, the Emirati utilities group said on Friday.

Hyflux seeks further extension of debt moratorium as talks with potential suitors continue

TROUBLED water treatment firm Hyflux and three of its subsidiaries have applied to the court for a further extension of its debt moratorium.

Would-be Hyflux white knight Utico plans to list in Singapore

The Middle Eastern utility company that is lining up a rescue deal to save embattled water treatment firm Hyflux is planning to list here.

Hyflux: S$535m rescue deal is Utico's valuation; deal still on the table

HYFLUX said on Wednesday that it has sought clarification from potential white knight Utico regarding a statement it had made on Tuesday valuing its rescue deal at S$535 million.

Utico says Hyflux rescue deal may be worth up to S$535 million

THE deal that embattled water treatment company Hyflux and its potential white knight Utico are progressing towards could be worth as much as S$535 million, said Utico in a statement on Tuesday...

Maybank demands another S$33.6 million from Hyflux's unit, over hedging deal

MAYBANK has demanded payment of another S$33.6 million from Tuaspring, the subsidiary of the debt-ridden water treatment company Hyflux.