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Utico's courtship of Hyflux still met with cool response

Felicia Tan
Felicia Tan10/13/2020 6:2 PM GMT+08  • 4 min read
Utico's courtship of Hyflux still met with cool response
There seems to be no resolution to the rescue deal between Utico FZC and Hyflux.
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There seems to be no resolution to the rescue deal between embattled water treatment firm Hyflux and its Middle Eastern suitor Utico FZC.

Hyflux, on Oct 11, received a letter from Utico asking the former to not delay its townhall any further than Oct 12, 6pm, since its offer “currently meets all conditions” pertaining to the directors of Hyflux and has “consistently met major approvals at three attempts for P&P vote, even with [its] latest July 23 proposal”.


See: Utico says Hyflux delaying townhall to give potential rival Pison time

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