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Utico says signs deal to rescue Singapore’s Hyflux

SINGAPORE: United Arab Emirates-based utility Utico FZC said it had agreed a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.SINGAPORE: United Arab Emirates-based utility Utico FZC said it had agreed a restructuring deal with Singapore’s indebted water treatment firm Hyflux Ltd, giving it 88% of the company.

Singapore’s Hyflux ‘progressing’ towards deal with Utico

HONG KONG: Distressed Singapore water and power company Hyflux Ltd. is “progressing towards a deal” with United Arab Emirates-based utility Utico FZC.

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Institutional shareholders flex their muscles

Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.

Affin Hwang Research retains hold for Maybank

KUALA LUMPUR: Affin Hwang Capital Research is maintaining its hold call for Malayan Banking Bhd (Maybank) after a relatively unexciting first quarter but the results were within its expectations.

Dip in Maybank quarterly net profit

PETALING JAYA: Malayan Banking Bhd (Maybank), has recorded a dip in net profit for the first quarter, at a time when the industry is facing stiff competition and headwinds from softening economic prospects.