Hyflux reveals Middle Eastern utility company Utico is its new would-be white knight

This new investment will go towards equity, working capital purposes, as well as possible urgent interim funding, the company announced on April 25

Hyflux reveals Middle Eastern utility company Utico is its new would-be white knight

Singapore—Much beleaguered water treatment firm Hyflux has announced that it is currently in talks with Utico FZC, a utility firm based in the Middle East, for a much-needed investment of funds to the tune of S$400 million (US$294 million). Hyflux received a non-binding letter of intent from Utico…


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