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Hyflux: Utico Plans To List On Singapore Exchange

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SINGAPORE, Singapore

UAE utility Utico announced plans July 25 to list shares on the Singapore stock exchange. The hopeful “white knight” rescuer of debt-ridden environmental services company Hyflux Ltd is aiming to secure between $220 Million USD and $365 Million USD. Funds would be used to invest in water, renewable energy and high-tech projects in Singapore. Speculatively, the funds could also be used to defray the corporate cash outflow related to the potential investment in Hyflux.

More OOSKAnews Coverage Of Hyflux Ltd (100 plus Articles)