Thai Water Company Hydrotek Delays Universal Adsorbents Merger

Hydrotek Pcl, a Thai water company, has indefinitely postponed its plan to merge with Universal Adsorbents & Chemicals Pcl, citing unfavorable market conditions at home and abroad.

The water-treatment company in a regulatory filing to the Stock Exchange of Thailand said it agreed to delay the merger as markets have “been fluctuating significantly” without saying when they may resume. The stock has fallen five straight days, trimming gains the past year to 76 percent.