Home Capital Management & Corporate Governance

No binding agreement with potential investor Utico yet: Hyflux

Samantha Chiew
Samantha Chiew5/28/2019 03:06 PM GMT+08  • 2 min read
No binding agreement with potential investor Utico yet: Hyflux
SINGAPORE (May 28): Embattled water company, Hyflux on Tuesday clarified in a Singapore Exchange filing that its recent meeting with Utico did not entail any binding agreements or conclusive number on how much its investors will be getting.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 28): Embattled water company, Hyflux on Tuesday clarified in a Singapore Exchange filing that its recent meeting with Utico did not entail any binding agreements or conclusive number on how much its investors will be getting.

The regulatory statement was made on the back of a statement issued by Utico, which said it had met with Hyflux’s financial and legal advisors, as well as the Securities Investors Association Singapore (Sias) and others last week.

A Monday Straits Times article reported Utico is offering “part cash redemption and also a hope for full redemption with a plan and exit option” to the 3,400 retail investors of Hyflux’s perpetual securities and preference shares.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now