UTICO

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...

Utico offers 'part cash redemption' to Hyflux junior creditors

United Arab Emirates utility Utico is dangling an offer of reprieve to the beleaguered 34,000 retail perpetual securities and preference (PNP) shareholders now trying to recover around $900...

Hyflux suitor Utico  seeks delay over water unit; PUB says 'no'

EMIRATI utilities group Utico has invited Hyflux's junior creditors to meet in the coming days, as it seeks to rustle up support for a potential investment in the insolvent water cleaning company...

Utico has so far submitted draft term sheet, not binding offer: Hyflux

NO BINDING offer to invest in Hyflux has been submitted by Utico, Hyflux said on Tuesday, contrary to a Reuters report s published over the weekend.

Hyflux races to secure $400m deal with UAE's Utico

Struggling water treatment firm Hyflux is hoping to nail down a $400 million deal with Utico FZC in a bid to fend off a move by seven banks to have the company placed under judicial management....