Hyflux finally signs $400 mil rescue deal with Utico
PC Lee • • 2 min read
SINGAPORE (Nov 26): Embattled Singapore water treatment firm Hyflux has finally signed a $400-million restructuring agreement with Middle Eastern utility player Utico FZC.
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SINGAPORE (Nov 26): Embattled Singapore water treatment firm Hyflux has finally signed a $400-million restructuring agreement with Middle Eastern utility player Utico FZC.
This comes days before debt-laden Hyflux is set to appear before the High Court on Friday to seek an extension on its restructuring moratorium, which is set to expire on Dec 2.
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