Utico extends deadline for rescue offer to Hyflux

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No The company said that it will remain open regardless of whether a judicial manager is appointed. Utico has extended the deadline for acceptance of its binding offer to 15 October, the UAE-utilities company said in a letter to Hyflux. In the letter, Utico said that its binding offer will remain open for acceptance during the period regardless of whether a judicial manager is appointed or not and as long as Hyflux remains listed in the SGX without risk of delisting. read more