Hyflux’s Suitor Utico Extends Deadline for Acceptance of Offer
- Utico moves the deadline to Aug. 30 from July 31, filings show
- The UAE-based utility has been pursuing Hyflux since last year
Water fountains at the Gardens by the Bay in Singapore.
Photographer: Roslan Rahman/AFP via Getty Images
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The saga of Singapore’s highest profile restructuring case, Hyflux Ltd., looks set to run a bit longer.
United Arab Emirates-based suitor Utico FZC agreed to extend a binding offer until Aug. 30, according to a filing. Utico has been pursuing Hyflux since last year, and had previously said the binding offer it made last month was open for acceptance until July 31.