Utico warns Hyflux's asset leakage if restructuring scheme further delays

Submitted By:  Clarist Zablan Case Study:  No The investor is wondering why the scheme is being deferred. Utico cautioned that if the approval for Hyflux’s restructuring scheme becomes delayed beyond March, the embattled water treatment firm will see a complete loss of critical assets and its value dropping to only its credentials, according to a press release. The potential white knight estimates the value to be reduced to less than half of its original. read more