“The strategic acquisition of the remaining 30% stake in SingSpring Desalination Plant will enhance the operational and business continuity of the asset, and also strengthen the cash flow stability of the asset,” says Jopy Chiang, CEO-Designate of Keppel Infrastructure Fund Management, manager of KIT.
The break-up sale of bankrupted water treatment company Hyflux has begun.
Keppel Infrastructure Trust, which now holds 70% of SingSpring Desalination Plant, will buy the remaining 30% from Hyflux for $12 million.
