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Hyflux appoints DBS, China International Capital as financial advisers for Tuaspring plant divestment

PC Lee Published on Mon, Apr 24, 2017 / 8:27 PM GMT+8

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SINGAPORE (April 24): Hyflux has appointed DBS Bank and China International Capital Corporation (Singapore) as its financial advisers to evaluate its strategic options relating to the proposed partial divestment of Tuaspring plant.

In February, the company said that it will be seeking partial divestment of the Tuaspring plant, subject to the relevant regulatory approvals, in line with its asset-light strategy.

Shares of Hyflux closed at 55 cents on Monday.

Tags: Hyflux - DBS Bank - China International Capital Corporation (Singapore) - Tuaspring plant

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Hyflux appoints DBS, China International Capital as financial advisers for Tuaspring plant divestment