Utico, Johnny Widjaja unveil separate moves to woo Hyflux creditors, debt holders
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Fiona Lam
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Singapore
UTICO has revised once again its proposed rescue package for Hyflux, this time by promising a bigger sum for creditors.
In a media statement on Thursday, the Middle Eastern utility firm said it has increased its offer to a minimum of S$485 million comprising cash and stock.
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