Singapore's Hyflux says no definitive deal reached with #UAE's Utico - Reuters

Singapore's Hyflux says no definitive deal reached with UAE's Utico - Reuters:

Singapore’s indebted Hyflux Ltd (HYFL.SI) said no definitive restructuring deal with Utico FZC has been reached yet after the United Arab Emirates-based utility company said a deal had been agreed where it would take 88% of the water treatment firm.

Both companies are, however, in advanced discussions and were trying to resolve some final issues before a definitive deal could be signed, Hyflux said in a statement to the Singapore Exchange late on Wednesday. 

At the start of the week, Utico said a deal had been reached without disclosing financial details.