The Business Times
business-time-50
SUBSCRIBERS

Other white knights waiting in the wings, says Hyflux's lawyer

Sticking points in deal put Utico's position in doubt; talks to carry on with other parties

google-preferred-sourceAdd BT as a preferred source
Published Mon, Sep 30, 2019 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    MIDDLE Eastern utility company Utico has regularly declared that it is locked, loaded and ready to go to the rescue of Hyflux, but court testimony on Monday suggested that the outcome may not be so clear.

    Hyflux lawyer Manoj Sandrasegara was, however, quick to assure the court that even if a deal with Utico were to fall through, other investors stand ready to invest in the embattled water-treatment firm.

    Hyflux

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Those aged below 30 account for the largest share of overqualification.

    More workers in Singapore opt for jobs for which they are overqualified: MOM, NTUC studies

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More