Utico to give PNP soft landing if IPO is delayed

Submitted By:  Shaina Teope Case Study:  No Utico asks SIAS and Hyflux to hold a PNP vote for option 1 or 2 within 3 weeks. Hyflux’s white knight Utico has confirmed that it will consider a soft landing for the holders of the embattled water treatment firm’s preference shares and perpetual securities (PNP) in the case that its listing on a stock exchange is delayed beyond two years, according to a statement. Utico will also consider this option if it gets the scheme passed and closed by April 2020. read more