Hyflux 'progressing' towards deal with Utico to invest S$400m for 88% stake

HYFLUX’S potential white knight Utico is looking to take a 88 per cent stake in the troubled water treatment firm with an investment of S$300 million as equity and a S$100 million shareholder loan, but the two are still working towards a binding agreement.

Read More: Hyflux 'progressing' towards deal with Utico to invest S0m for 88% stake

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