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UAE's Utico submits binding offer to invest in Hyflux: CEO

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ABU DHABI: United Arab Emirates-based utility firm Utico has submitted an offer for a binding agreement to invest in Singapore's Hyflux Ltd, Utico's chief executive said on Sunday (May 12).
Utico will also provide working capital and any urgent interim funding to Hyflux as part of the offer, Richard Menezes said.
AdvertisementEarlier this month, Utico submitted a non-binding letter of intent to invest in Hyflux.
[h=3]READ: Hyflux says it could get as much as S$500 million from Oyster Bay Fund[/h]Let's block ads! (Why?)


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