Hyflux taking 50% stake in Indonesia's PT Oasis
Add BT as a preferred sourceSingapore
SINGAPORE-LISTED Hyflux is pumping S$50 million into Indonesia-based PT Oasis for a 50 per cent stake in the manufacturer and distributor of bottled drinking water. The proposed acquisition is signed between Hyflux's wholly owned subsidiary Hyflux Consumer Products and the joint-venture partner PT Gunawan Sejahtera.
PT Oasis is a limited liability company with revenues of 700 billion Indonesian rupiah (S$73 million), growing at 36 per cent year over year, Hyflux, said in its announcement.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
DBS to launch tokenised physical gold for retail customers in Singapore
S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan
Singapore men, are you OK?
