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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

The group's profitability has been weighed down in recent years by losses from its Tuaspring Water & Power project (above), due to a large supply overcapacity in the Singapore power market.


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.