Hyflux unit selling China water treatment plant stake for US$136.5m

Published Wed, Oct 26, 2016 · 02:14 PM

WATER treatment firm Hyflux Ltd on Wednesday said its unit is selling its 50 per cent stake in treatment plant Galaxy NewSpring for US$136.5 million.

The stake will be sold to Yunnan Water (Hong Kong) Company Limited, which had held the remaining 50 per cent of the Chinese treatment plant.

Since the end of financial year 2015, the Group has classified its shareholding in Galaxy as assets held for sale. The transaction is part of the group's asset light strategy.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly

Purchase this article

Companies & Markets

Companies & Markets

Hyflux unit selling China water treatment plant stake for US$136.5m

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT