Utico raises Hyflux's equity valuation offer to $485m

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No The RA was also extended to end July. Hyflux’s white knight investor Utico has announced that they raised the embattled water firm’s equity valuation offer to a minimum of $485m, a press release revealed. The UAE-based firm stated that this includes cash and stock deals, details of which have been sent to Hyflux and all creditor parties. Further, the restructuring agreement (RA) has been extended to end July, for closing by 30 August as discussed with Hyflux and its stakeholders during their 25 June stakeholders’ meeting. read more