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HYFLUX SAGA

S$50m adviser fee pot linked to scheme timing, Hyflux asset value: Utico

Singapore

HYFLUX'S potential white knight Utico issued a clarification on Sunday saying its Jan 28 letter was clear about its intention to pay S$40 million with respect to the restructuring agreement (RA) and increase it to S$50 million to "save time and hence money by passing the scheme...