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
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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