Hyflux suitor Utico eyes $366m Singapore IPO in two years

Hyflux suitor Utico eyes $366m Singapore IPO in two years

Source: Hyflux headquarters in Singapore. (Photo by Mayuko Tani, Nikkei Asian Review)

United Arab Emirates-based utility Utico FZC plans to raise as much as S$500 million ($366 million) through a listing on the Singapore Exchange in the next two years, according to chief executive officer Richard Menezes.