No rescue deal sealed with Utico: Hyflux

Submitted By:  Staff Reporter Case Study:  No But Utico earlier said that it had already inked a deal with the firm. Embattled water treatment firm Hyflux clarified that it has not signed a definitive deal agreement with Utico, refuting an earlier announcement made by Utico that a rescue deal has been sealed, according to a filing at the Singapore Exchange. Utico previously said that it had inked a restructuring deal that will give the UAE-based utilities firm an 88% stake at Hyflux. read more