Utico agrees in principle with Hyflux to cap all adviser fees at S$40m
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Fiona Lam
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Singapore
UNITED Arab Emirates utility firm Utico announced on Thursday that it has agreed in principle with Hyflux to cap all adviser fees at S$40 million.
This will resolve a contentious item under the restructuring agreement and takes it one step closer to finalising a rescue deal for the insolvent water treatment firm, Utico said in a statement.
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