Troubled Singapore utility Hyflux says deal with white knight Utico has lapsed

Troubled Singapore utility Hyflux says deal with white knight Utico has lapsed

Source: Hyflux headquarters in Singapore. (Photo by Mayuko Tani, Nikkei Asian Review)

Utico FZC’s S$400 million ($282.94 million) rescue deal for troubled water treatment company Hyflux has lapsed, the Singapore company said in a stock exchange filing on Friday.

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