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...

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.

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...

Hyflux 'progressing' towards Utico deal for S$400m lifeline

HYFLUX'S potential white knight Utico is looking to take an 88 per cent stake in the troubled water treatment firm through S$300 million in equity injection and S$100 million in shareholder's loan...

Deadline for Hyflux-Utico deal extended

United Arab Emirates utility Utico FZC has extended a deadline for entering into a binding agreement with debt-ridden water treatment firm Hyflux to June 27, according to a Singapore Exchange...

Chinese power service provider eyeing Hyflux assets

DEBT-RIDDEN water treatment firm Hyflux has received a fourth non-binding letter of intent (LOI) for a potential investment from a Chinese power service provider.

Hyflux in talks with seven parties; aims to pick suitor by mid-June

HYFLUX is in talks with seven different parties for a potential cash infusion, and plans to enter into a binding term sheet with one of them by mid-June.

Hyflux says Utico's offer to small investors 'exploratory in nature'

Ahead of today's High Court hearing on whether Hyflux will get a further reprieve from creditors, the beleaguered firm clarified yesterday that there is no binding agreement with potential...