Hyflux is in talks with seven different parties for a potential cash infusion, and plans to enter into a binding term sheet with one of them by mid-June. The distressed water cleaning firm will meet stakeholders and draw up terms of a restructuring scheme by the end of June, and aims to apply for leave to convene scheme meetings for creditors in July.

Mainboard-Listed United Food Holdings saw loss attributable to owners widen to 27.6 million yuan (S$5.5 million) for the three months ended March 31 from a loss of 13.44 million yuan in the year-ago period, the firm said in its results release on Wednesday. This was despite revenue rising to 10 million yuan, more than 3.5 times the 2.82 million yuan figure in the year-ago period. The revenue was mainly from the group's trading segment. The firm is also a producer and supplier of soya bean products and animal feed in China.

Mainboard-listed Valuetronics Holdings' net profit declined 2.6 per cent to HK$199.5 million (S$35.1 million) for the year ended March 31, from HK$204.7 million a year ago, amid mixed performance from its two business segments.

Myanmar-Focused Yoma Strategic Holdings on Wednesday posted a fourth-quarter net profit of US$25.7 million, from US$432,000 a year ago, mainly due to net fair value gains from investment properties. This was partially offset by a rise in financing costs from higher borrowings and the rising interest rate environment, the group said in a regulatory filing.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR