SINGAPORE - Hyflux has asked its Middle Eastern suitor Utico to address concerns flagged by creditor groups before a virtual townhall can be held for the water treatment firm's perpetual securities and preference shares investors.
Hyflux's letter made reference to an earlier letter from Utico on Oct 9. In that letter, Utico requested for a virtual townhall to be arranged by Hyflux with investors of the firm's PnP on either Saturday afternoon or Sunday evening. Utico added:"We also noted from the recent Hyflux affidavit, it states Pison has made an offer to P&P. This is contrary to the Sias letter of Oct 7. This may also be explained." Pison and Aqua Munda are other potential Hyflux suitors.
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