The Independent Singapore News Hyflux in waiting for their white knight, Utico, to put down $10million... Hyflux in waiting for their white knight, Utico, to put down $10million deposit as confirmation of restructuring plan SIAS is requesting for the Middle Eastern firm to put $10 million as a non-refundable deposit into either Utico's solicitor's account or an escrow account by 10 o’clock on the morning of Wednesday, Jul 14. Utico is required to respond to SIAS by Friday (Jul 16). Share - Advertisement - Singapore — The plan from judicial managers for the liquidation of embattled water treatment firm Hyflux may yet be avoided, provided the company’s would-be white knight puts its money where its mouth is.