News

Utilities

Staff Reporter

, Singapore

Published:

3 years ago

194 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 s for more news on

Hyflux

Keppel Infrastructure

Keppel Infrastructure Trust

SingSpring Desalination Plant

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