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
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Moderna beats quarterly estimates as cost-cutting pares losses
Weight-loss drugmaker Novo Nordisk's profits soar further
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%