UAE’s Utico offers part cash redemption to embattled Hyflux’s investors

People gather during a protest on Hyflux Ltd. debt restructuring plan in Singapore on March 30. Photographer: Bryan van der Beek/Bloomberg

Middle Eastern utility firm Utico FZC has offered part cash redemption and “hope for full redemption with a plan and exit option” to investors of embattled Singaporean firm Hyflux if they support the white knight investor’s S$400-million ($294 million) offer.

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