SUBSCRIBERS
Hyflux enters sale and lease-back deal for global HQ
Published Thu, Jun 26, 2014 · 10:00 PM
BARELY two years since Hyflux unveiled its new global headquarters in July 2012, the water specialist yesterday said that it will sell Hyflux Innovation Centre to Ascendas Real Estate Investment Trust (A-Reit) for $170 million in cash and lease it back for 15 years in a move to unlock capital to fund growth.
The sale and lease-back deal - entered with HSBC Institutional Trust Se…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia: Markets mixed as global rally stalls, eyes on yen
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Gold trades in tight range as market focuses on US economic data
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel