Other white knights waiting in the wings, says Hyflux's lawyer
Sticking points in deal put Utico's position in doubt; talks to carry on with other parties
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Singapore
MIDDLE Eastern utility company Utico has regularly declared that it is locked, loaded and ready to go to the rescue of Hyflux, but court testimony on Monday suggested that the outcome may not be so clear.
Hyflux lawyer Manoj Sandrasegara was, however, quick to assure the court that even if a deal with Utico were to fall through, other investors stand ready to invest in the embattled water-treatment firm.
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