Corporate digest

Hyflux

WATER treatment firm Hyflux could get an emergency injection of S$400 million from Emirati utilities group Utico, which it named as its white knight candidate on Friday night, a week after waving a non-binding letter of intent.

The funds would go to equity and working capital purposes "and possible urgent interim funding", it added, noting that Utico "is aware of the urgency of the restructuring" for its debt.