Corporate digest

Hyflux

TROUBLED water treatment firm Hyflux said the unsecured working group of bank lenders had informed Utico on Sept 17 that they do not accept the terms of the potential white knight's revised offer and would not consider any non-cash offer.

Accordingly, Utico was invited to provide details of a further revised proposed cash offer for the consideration of Hyflux's senior unsecured creditors, but the Emirati utility firm has not responded to the invitation, Hyflux noted on Thursday.