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.

Hyflux on Friday updated that as negotiations with its potential white knight, Utico, is the most advanced among all the potential investors, the company intends to engage exclusively with Utico from now until Aug 26, 2019.

SINGAPORE: Embattled water treatment firm Hyflux on Friday (Aug 16) announced its intention to "engage exclusively" with United Arab Emirates suitor Utico until an Aug 26 deadline. "The company wishes to update that as negotiations with Utico (are) the most advanced amongst all the potential ...

Submitted By:  Staff Reporter Case Study:  No Utico claimed that Hyflux is delaying the disclosure of assets and ignoring their proposal. UAE-based utilities firm U...

SINGAPORE: Time is running out for Hyflux with its assets “leaking value” and the water treatment firm needs to “act without delay” in deciding on an investor, said its suitor from the United Arab Emirates on Wednesday (Aug 14). Clarifying earlier confusion surrounding the deadline that Hy...

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 in May to sell the business and assets for less than S$200 million by putting them through a sal...

SINGAPORE: As Hyflux’s bid to restructure its debt continues, authorities have been keeping a close eye on developments around one of the company’s assets – a waste-to-energy plant in Tuas that is on the cusp of completion. In response to queries from CNA, the National Environment Agency (NEA...

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 in May to sell the business and assets for less than S$200 million by putting them through a sal...

Submitted By:  Staff Reporter Case Study:  No This is reportedly to account for the number of public holidays in August. Troubled water treatment facility Hyflux no...

SINGAPORE: Hyflux has clarified that it has until Aug 26, instead of Aug 16, to ink a definitive agreement with United Arab Emirates utility firm Utico. The debt-ridden water treatment firm made these clarifications late on Monday (Aug 5), three days after it said it had been given a two-week ...