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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

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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.

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.

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sentifi.com

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