Hyflux appoints DBS, China International Capital as financial advisers for Tuaspring plant divestment
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Nisha Ramchandani
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HYFLUX has appointed DBS Bank and China International Capital Corporation (Singapore) as its financial advisers to evaluate its strategic options relating to the proposed partial divestment of Tuaspring plant.
In February, the company said that it will be seeking partial divestment of the Tuaspring plant, subject to the relevant regulatory approvals, in line with its asset-light strategy.
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