Utico says restructuring agreement inked with Hyflux
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Vivienne Tay
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Singapore
UTICO said it "signed and released" a restructuring agreement with Hyflux on Monday which will give it 88 per cent of the debt-laden water treatment firm.
"The deal finds a resolution for creditors and PNP investors and development projects that have been languishing since the moratorium in May 2018," the Middle Eastern utility firm said in a statement hours after midnight on Tuesday.
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