SIAS worries over Utico's last-minute changes on Hyflux deal

Submitted By:  Staff Reporter Case Study:  No They hope that the outcome will benefit holders of the perpetual securities and preference shares. The Securities Investors Association of Singapore (SIAS) has expressed concerns about the lack of finality on Utico’s offer for Hyflux, according to a press release. SIAS president and CEO David Gerald said that whilst Hyflux and various creditor groups have been working within the timelines the High Court had set, Utico have introduced some last-minute deal changes. read more