Corporate digest

Hyflux

HYFLUX has agreed to eventually buy a 30 per cent stake in European consumer water technology company Kaqun Europe for US$8 million. Kaqun and Hyflux will also develop a line of products under the brand "ELO" to be sold in the Asia-Pacific, the Middle East and Africa. The product line will be sold through a new company called Elo Water, in which Hyflux Consumer Products will own a 70 per cent stake and Kaqun Europe will own the remaining 30 per cent. Kaqun Europe was launched in 2002 and sells beauty products that use its particular brand of water. Hyflux shares gained 1.5 per cent to close at 67.5 Singapore cents on Wednesday.

Halcyon Agri Corp