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Hyflux shares rise after arranging funding for Oman project

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Hyflux shares rise after arranging funding for Oman project

PC Lee Published on Wed, Jun 15, 2016 / 3:23 PM GMT+8

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SINGAPORE (June 15): Hyflux is up 2.5% at 61 cents after the water treatment firm announced this morning it has tied down funding arrangements for its project in Oman.

Mizuho Bank, Standard Chartered, Dubai International Financial Centre and Singapore-based Clifford Capital have agreed to a US$185 million ($251 million) facility for the seawater reverse osmosis desalination plant.

Hyflux shares have now risen for four consecutive days. In contrast, the benchmark Straits Times Index is down 0.2%.

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