Hyflux to distribute shares of consumer business ahead of planned listing
It plans to distribute 70 per cent of the shares in Hyfluxshop Holdings to its existing shareholders
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Singapore
HYFLUX, which in August revealed it was exploring a separate listing for its consumer business, on Friday proposed a distribution of shares in Hyfluxshop Holdings so that its shareholders can participate in the growth of that business.
After this distribution of dividend in specie, Hyfluxshop will be in a position to "consider listing on a recognised stock exchange, should future growth performance be on track and market conditions of the capital markets be favourable", said the firm.
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