Hyflux sells stake in China business for $126.5 million
Hyflux has completed the sale of its 50 per cent stake in Galaxy NewSpring, a joint venture that it formed with Yunnan Water, of Hong Kong, in 2010.

The lighthouse at Quinhuangdoa Port in Hebei province, China, where Galaxy NewSpring operates wastewater treatment and reuse facilities
Galaxy NewSpring develops, builds and operates wastewater treatment and water reuse plants in the coastal provinces of Jiangsu and Hebei, in northeast China.
Yunnan paid $126.5 million for the shares, less $10 million which was paid on signing the sale and purchase agreement in October 2016.
© Faversham House Group Ltd 2017. Water. desalination + reuse news articles may be copied or forwarded
for individual use only. No other reproduction or distribution is permitted without prior written consent.