Hyflux to float water investment trust
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Hyflux and JP Morgan
Investors will gain another pure-play water investment when Hyflux floats a vehicle which will hold its water-related infrastructure assets. It is the latest move in Hyflux’s “asset-light” approach to doing business.
As part of its “asset-light” business strategy, Hyf lux will transfer a series of Chinese water infrastructure assets into a business trust, which is to be floated on the Singapore Stock Exchange.
The Hyflux Water Trust (HWT) will have an initial portfolio of 13 Chinese water plants, which are operated under long-term concession agreements. The portfolio comprises three water treatment ...
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