Utico says that its binding offer will remain open for acceptance during the acceptance period, whether a judicial manager is being appointed or not.
Utico added that Hyflux has no other binding offers and no other offers to all stakeholders.
The Middle Eastern company then said that Hyflux would have “stronger bonafide grounds” for its application for judicial management by UWG on August 7, if there is a clear acceptance of its offer by August 6.
See more Hyflux-related stories here.
