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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 Ltd(SGX:600) dropped from S&P Global BMI Index

Hyflux Ltd(SGX:600) dropped from S&P Global BMI Index

Hyflux Seeks Financing

Hyflux Ltd (SGX:600) signed non-disclosure agreements with 22 potential rescue financiers to submit their expressions of interests. Hyflux has set August 3, 2018 deadline for the potential financiers to submit interests. Hyflux and its subsidiaries are projected to be cash flow negative at least for the next six months.

SembCorp, Keppel And YTL Power Reportedly Pursuing Tuaspring Plant

Sembcorp Industries Ltd (SGX:U96), Keppel Corporation Limited (SGX:BN4) and YTL Power International Berhad (KLSE:YTLPOWR) are reportedly interested in acquiring Tuaspring integrated water and power project in Singapore from Hyflux Ltd (SGX:600). An anonymous source told Bloomberg that Hyflux reached out to Metro Pacific Investments Corporation (PSE:MPI) to gauge its interest. The interested parties would need approval from the Public Utilities Board, which regulates the Singapore water supply, before receiving more details of Tuaspring’s business operations, according to the sources. Hyflux started a court-supervised reorganization process in May 2018 and obtained a six-month debt moratorium with respect to its liabilities of SGD 2.5 billion. Bloomberg reported that Hyflux representative was unable to comment. Sembcorp said by email that from time to time, the company may evaluate different opportunities. There’s no assurance any such discussions will lead to a transaction, according to Sembcorp. Keppel said in a statement that it’s always evaluating opportunities where it is able to grow its businesses. YTL Power Managing Director Yeoh Seok Hong couldn’t immediately be reached by phone and didn’t respond to emailed queries. “We were offered to take a look, but we have no details as of now,” Metro Pacific President Joey Lim said in response to Bloomberg queries.

 

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