SUBSCRIBERS
Utico seeks Sias endorsement as potential Hyflux judicial management looms
Published Wed, Jul 29, 2020 · 09:50 PM
Singapore
UTICO has urged the Securities Investors Association (Singapore), or Sias, to endorse the Middle Eastern utility firm's proposed rescue package for Hyflux.
The offer could "save" the distressed water treatment firm from judicial management (JM) and guarantee the highest possible recovery for the holders of Hyflux's perpetual securities and preference shares (PnP), Utico said in a press statement on Wednesday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
UOB awards Wong Kan Seng over S$400,000 in shares
US: Wall St opens lower as megacaps drag