SUBSCRIBERS
Utico seeks Sias endorsement as potential Hyflux judicial management looms
Add BT as a preferred source
Fiona Lam
Published Wed, Jul 29, 2020 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
UTICO has urged the Securities Investors Association (Singapore), or Sias, to endorse the Middle Eastern utility firm's proposed rescue package for Hyflux.
The offer could "save" the distressed water treatment firm from judicial management (JM) and guarantee the highest possible recovery for the holders of Hyflux's perpetual securities and preference shares (PnP), Utico said in a press statement on Wednesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
