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hyflux ltd (600) Details

Hyflux Ltd provides various solutions in water and energy areas worldwide. The company operates through two segments, Municipal and Industrial. The Municipal segment supplies a range of infrastructure solutions, including water, power, and waste-to-energy to municipalities and governments. The Industrial segment supplies infrastructure solutions for water to industrial customers. The company provides seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation, and pure water production services to municipal and industrial clients, as well as to home consumers; and filtration and purification products. It also designs, constructs, owns, operates, and sells water treatment, seawater desalination, wastewater treatment, and water recycling plants under service concession arrangements; and sells oxygen-rich water and related products and services. In addition, the company designs, constructs, owns, operates, and sells power plants and waste-to-energy plants; trades in the electricity markets; and sells retail electricity contracts. Hyflux Ltd was founded in 1989 and is headquartered in Singapore.

2,500 Employees
Last Reported Date: 05/9/18
Founded in 1989

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hyflux ltd
Hyflux Seeks To Sell Tuaspring

Hyflux Ltd (SGX:600) seeks to sell Tuaspring Pte Ltd. Hyflux Ltd (SGX:600) wishes to announce that following negotiations with Malayan Banking Berhad (KLSE:MAYBANK), Hyflux, Tuaspring and Maybank have reached agreement in respect of the process for the divestment of Hyflux’s interest in Tuaspring’s Integrated Water and Power Project. Maybank is Tuaspring’s only secured creditor. It has provided Tuaspring with banking facilities which are secured by various collaterals and securities over Tuaspring’s properties and assets, including its Integrated Water and Power Project. Hyflux will continue to seek potential investors with a view to divesting its interest in Tuaspring’s Integrated Water and Power Project. Hyflux is to execute a binding agreement with a successful bidder or investor by October 15, 2018, obtain approval for the transaction from Maybank, the Public Utilities Board and/or the Singapore High Court (if necessary) by December 11, 2018 and obtain the approval of the shareholders by February 4, 2019.

Hyflux Ltd Announces Cessation of Wong Lup Wai as Group Executive Vice President and Group Chief Operating Officer

Hyflux Ltd. announced the cessation of Wong Lup Wai as group executive vice president and group chief operating officer. Wong Lup Wai's role And responsibilities includes Hyflux's global projects execution; operations and maintenance; engineering resources; develop group-wide strategies in the areas of manufacturing; procurement; and membrane and system sales. The reason for cessation is to pursue personal interests.

Hyflux Ltd Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018

Hyflux Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of SGD 72,000,000 against SGD 91,528,000 a year ago. Loss before tax was SGD 1,464,000 against profit before tax of SGD 27,533,000 a year ago. Loss for the year was SGD 24,021,000 against SGD 458,000 a year ago. Profit (excluding Tuaspring) attributable to owners of the company was SGD 1,036,000 against SGD 26,927,000 a year ago. Loss attributable to owners of the company was SGD 22,211,000 against SGD 64,000 a year ago. Loss for the year was SGD 24,021,000 against SGD 458,000 a year ago. Loss for the year excluding Tuaspring was SGD 774,000 against profit for the year excluding Tuaspring of SGD 26,533,000 a year ago. Net cash used in operating activities was SGD 51,175,000 against SGD 85,353,000 a year ago. Acquisition of property, plant and equipment was SGD 18,097,000 against SGD 6,275,000 a year ago. Acquisition of intangible assets was SGD 101,000 against SGD 212,000 a year ago. Loss on a fully diluted basis of ordinary shares was 4.53 cents against 1.82 cents a year ago. Loss on a fully diluted basis of ordinary shares - excluding Tuaspring was 1.57 cents against profit on a fully diluted basis of ordinary shares - excluding Tuaspring of 1.61 cents a year ago.

 

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