A growth platform built on trust
- From: Vol 8, Issue 12 (December 2007)
- Category: General
- Region: Asia
- Country: China
- Related Companies: American Water, Goldman Sachs, Hyflux, Hyflux Water Trust, IDE Technologies, JP Morgan, Merrill Lynch, Ramatex Bhd, SinoSpring Utilities Ltd and Waterway Group
A new business trust will allow Hyflux to recycle its capital more efficiently. CEO Saud Siddique explains his vision for growth.
The idea of launching a water IPO immediately after American Water and IDE pulled their respective offerings would not appeal to every investment banker. Where Goldman and Merrill failed, however, JP Morgan appears to have succeeded, and although it looked at first as if the decision to float Hyflux Water Trust in early December may have been misguided, the subsequent ...
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