SG's Hyflux says no definitive deal reached with UAE's Utico

SG's Hyflux says no definitive deal reached with UAE's Utico

Singapore city skyline. Photo: Nicky Loh/Bloomberg

Singapore’s indebted Hyflux Ltd said no definitive restructuring deal with Utico FZC has been reached yet after the United Arab Emirates-based utility company said a deal had been agreed where it would take 88% of the water treatment firm.

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