UAE's Utico submits binding offer to invest in Hyflux: CEO
Reuters • • 1 min read
ABU DHABI (May 13): United Arab Emirates-based utility firm Utico has submitted an offer for a binding agreement to invest in Singapore's Hyflux, Utico's chief executive said on Sunday.
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ABU DHABI (May 13): United Arab Emirates-based utility firm Utico has submitted an offer for a binding agreement to invest in Singapore's Hyflux, Utico's chief executive said on Sunday.
Utico will also provide working capital and any urgent interim funding to Hyflux as part of the offer, Richard Menezes said.
Earlier this month, Utico submitted a non-binding letter of intent to invest in Hyflux.
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