, Singapore
118 views

Hyflux to divest 30% stake in desalination plant to Keppel subsidiary

This sale will give Keppel Infrastructure Trust 100% stake in the SingSpring Desalination Plant.

Embattled utility firm Hyflux is set to sell its 30% stake in the SingSpring Desalination Plant to Keppel Infrastructure Trust (KIT) for $12m, according to its judicial manager, Borrelli Walsh Pte. Limited.

To date, KIT owns 70% of SingSpring.

Upon completion of the sale, a subsidiary of Keppel Infrastructure Holdings will take over the operations and maintenance of SingSpring.

Hyflux employees will be offered continuing roles at SingSpring as employees of the Keppel Infrastructure subsidiary.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

How to free manufacturing firms from the pitfalls of greenwashing
An EnterpriseSG official said standardisation and green courses will enhance businesses’ sustainability goals.
Manufacturing
Agility matters most to Singaporean CEOs
In SG, 93% believe agility makes leaders of today successful; globally, only 88% think so.