Key Developments: Hyflux Ltd (HYFXY.PK)
21.33USD
22 May 2013
$-0.54 (-2.47%)
$21.87
$21.83
$21.83
$21.33
1,400
247
$23.50
$18.80
Latest Key Developments (Source: Significant Developments)
Hyflux Ltd Declares Final Dividend
Hyflux Ltd announced that the Board of Director declared a one tier tax exempt final cash dividend of 2.50 cents per ordinary share. Subject to shareholders’ approval at the Annual General Meeting to be held on April 25, 2013, the dividend will be paid on May 17, 2013. Full Article
Hyflux Ltd's Hyflux Utility (India) Pvt Ltd And Hitachi Ltd Special Purpose Company Announces Water Purchase Agreement To Deliver Desalinated Water To Dahej Special Economic Zone
Hyflux Ltd announced that the water purchase agreement (WPA) to deliver desalinated water to the Dahej Special Economic Zone (Dahej SEZ) in Gujarat, India has been finalised and signed with Dahej SEZ Limited (DSL). The WPA between DSL and Swarnim DahejSpring Desalination Pvt Ltd (DahejSpring) will become effective once financial close for the desalination project is achieved. DahejSpring is the special purpose company formed by consortium members Hitachi Ltd and Hyflux Utility (India) Pvt Ltd, a wholly-owned subsidiary of Hyflux, for the development of the seawater desalination project in the Dahej SEZ. The WPA will be for a term of 30 years, including an estimated three-year construction period. DSL is committed to purchase 100% of the water on a take or pay basis. The signing of the WPA followed the formalisation of the Co-Developer Agreement between DSL and DahejSpring last March. The desalination project, which will have a 336,000m3 per day capacity, will employ ultrafiltration pre-treatment and reverse osmosis membrane technologies to treat the seawater into water suitable for industrial use. The total project cost is estimated at USD600 million and will be funded through a combination of equity and non-recourse project finance. The consortium is currently in discussion with financial institutions to provide non-recourse financing for the project. Hyflux is expected to undertake an estimated USD420 million worth of the project value. Full Article
Hyflux Ltd Declares Interim Dividend
Hyflux Ltd announced that it has declared an interim cash dividend of 0.70 cents per ordinary share, payable on August 31, 2012. Full Article
Hyflux Ltd Subsidiary Secures Buyer’s Credit From JBIC For Tuaspring Desalination Plant Components
Hyflux Ltd announced that its wholly owned subsidiary, Hydrochem (S) Pte Ltd, has signed a buyer’s credit agreement with the Japan Bank for International Cooperation (JBIC) for financing the purchase of key components for the Tuaspring Desalination Plant, a seawater reverse osmosis (SWRO) desalination plant located in Singapore. This loan amount is USD14.4 million and it is co-financed by Mizuho Corporate Bank Ltd, while Nippon Export and Investment Insurance (NEXI) will provide the buyer’s credit insurance for the co-financed portion. Full Article
Hyflux Ltd Does Not Recommend Dividend
Hyflux Ltd announced that no dividend recommended for the current financial period reported on. Full Article
Hyflux Ltd's Hyflux Utility, Itochu Corporation And Hitachi Ltd To Develop Seawater Desalination Plant In India
Hyflux Ltd announced that it has through its wholly owned entity, Hyflux Utility (India) Pte Ltd, together with its Japanese partners, Hitachi Ltd and Itochu Corporation (collectively known as the Consortium), signed a co developer agreement for the development of a seawater desalination plant with a designed capacity of 336,000m3 per day to be located in the Dahej Special Economic Zone (Dahej SEZ) in the state of Gujarat, India. The Consortium, through a special purpose company known as Swarnim DahejSpring Desalination Pvt Ltd signed the Co Developer Agreement with Dahej SEZ Limited (DSL), in which DSL has given sole and exclusive rights to DahejSpring to develop the Project on a Design, Build, Own and Operate (DBOO) basis and to supply the desalinated water to DSL. The shareholding structure of DahejSpring will be finalized at a later stage. DahejSpring will be allotted land by DSL in the Dahej SEZ to develop and operate the Project for a period of 30 years. The total cost of the Project is estimated to be in the region of USD600 million. Hitachi will be the lead engineering, procurement and construction (EPC) Contractor and will collaborate with Hyflux in respect of the EPC works and the O&M works for the Project. The Project will employ ultrafiltration pre treatment and reverse osmosis membrane technologies to treat the seawater into water suitable for industrial use. The Project will be Asia’s largest seawater reverse osmosis (SWRO) desalination plant to date. Full Article
Hyflux Ltd Declares Final Cash Dividend
Hyflux Ltd announced the final and one tier tax exempt cash dividend of SGD0.021 per ordinary shares. The payment of dividend date will be on May 17, 2012. Full Article
Hyflux Ltd. Declares Interim Cash Dividend
Hyflux Ltd. announced that the Board has declared interim cash dividend of SGD0.0067 per share (previous year: SGD0.0067 per share). The dividend is payable on September 7, 2011. Full Article
Hyflux Ltd.'s Tuaspring Pte Ltd Secures Financing Of SGD150 Million To Fund Tuaspring Desalination Plant
Hyflux Ltd. announced that its wholly owned subsidiary, Tuaspring Pte Ltd, has secured financing of SGD150 million to fund the desalination facility of the Tuaspring Desalination Plant (Tuaspring Plant). The financial package is arranged by DBS Bank Ltd, Mizuho Corporate Bank, Ltd and Sumitomo Mitsui Banking Corporation. Full Article
Industrial water sector investment to reach $80 bln by 2017-HSBC
* Veolia, Suez, Hyflux well positioned in emerging markets
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