Utico to hold townhall next week for Hyflux PnP investors, noteholders

Singapore

MIDDLE Eastern utility firm Utico will convene a townhall next week to address the concerns of investors holding Hyflux's medium-term notes, and the perpetual securities and preference shares (PnP).

The Securities Investors Association (Singapore), or Sias, will arrange the event, most likely on Jan 20, Utico said in a statement to The Business Times on Tuesday.

The advisers for PnP investors and noteholders, as well as selected members of the media, can attend the townhall.

The event will aim to allay concerns about Utico's ability to deliver on its offer to the PnP investors, in particular the additional payout from the second option, the United Arab Emirates-based…