Singapore Today Stocks News : Hyflux sells Jiangsu plant to China state-owned company

SINGAPORE (June 7): Hyflux says completely possessed auxiliary, Hyflux Utility WWT (YKG), has gone into a consent to strip Hyflux Utility’s whole value enthusiasm for entirely claimed backup Hyflux Newspring (Nantong) WWTP Co. to Jiangsu Yangkou Port Holding Co.

Fused in China, Nantong WWTP holds a wastewater treatment plant situated in Yangkou Port, Jiangsu region.

Jiangsu Yangkou Port Holding Co. is a China state-possessed organization.

The aggregate money thought for the exchange, which is payable in tranches, is RMB 52 million ($11 million).

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