Hyflux's Utico deal plagued by woes from P&P holders

Sunday, 26 January 2020
Hyflux's Utico deal plagued by woes from P&P holders | Sky Singapore
Some P&P holders intend to vote against the deal as concerns on financial obligations arise, said SIAS. Securities Investors Association (Singapore) (SIAS) has issued a query to Hyflux Board in which its preference shares and perpetual securities (P&P) holders expressed dissatisfaction towards the current proposal with Utico , according to a letter from SIAS president David Gerald. The letter added that P&P holders are having intentions to vote...
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