Hot Stock: Hyflux gains in early trade on back of new plant project

ENVIRONMENTAL solutions provider Hyflux Ltd's counter was among the most active on the Singapore bourse in Thursday early trade, climbing four Singapore cents to S$0.93 as at 9.31am.

This follows its announcement before markets opened that it has been formally awarded the Qurayyat Independent Water Project by Oman Power and Water Procurement Company SAOC (OPWP). It is Hyflux's biggest desalination project in Oman.

The seawater reverse osmosis desalination plant, which will be located in Qurayyat, comes after the signing of the water purchase agreement between OPWP and Hyflux subsidiary Qurayyat Desalination SAOC (Qurayyat Desalination Company).