August
• Posted 65 percent increase in revenue to S$71.2 million for the first half ended June 30, 2006, with industrial sales more than doubled by 128 percent to S$46.6 million
• Obtained approval from Karnataka Udyog Mitra, to invest in developing a 15,000 m3/day high-
grade industrial water plant at Hebbal, Bangalore.
• Signed US$138 million syndicated loan facility with DBS Bank, BNP Paribas Bank and 12 other
international banks from China, India, Malaysia, Taiwan and Netherlands
• Held official opening of the 25 year Build-Own-Transfer Wastewater treatment Plant of capacity 30,000 m3/day, in Changshu City, Jiangsu for the Southeast Economic Development Zone
June
• Entered the oil and solvent recycling business, after the acquisition of 51 percent equity in SK Oilchem Management Pte Ltd, (a Singapore-incorporated private exempt company licensed to
collect and process new and used oil in Singapore). Hyflux will invest up to S$70 million in
supplying a proprietary membrane plant for used oil recovery. Investment return is expected to
exceed 20 percent.
• Completed a US$20 million Loan Agreement with International Finance Corporation (IFC) where
IFC will take a preferred equity interest in SinoSpring. (Hyflux's 50 percent owned company that
invests in water projects in China)
• Secured another US$25 million loan from IFC to be disbursed towards the Group's 100,000 m3/day Dagang's Sewater Desalination Plant in Tianjin province.
May
• Awarded a 20-year concession to build, own, operate and transfer a RMB 70 million industrial wastewater treatment plant, of capacity 20,000 m3/day, for Yangzhou Chemical Industrial Park in Yangzhou city, Jiangsu province.
• Awarded a 30-year concession to design, construct, supply, finance, operate and maintain a
RMB 55 million water clarification plant, of capacity 20,000 m3/day, to supply industrial water
to the south development zone of Dafeng city, Jiangsu province.
• Awarded a 30-year concession to design, construct, supply, finance, operate and maintain a
RMB 50 million plant, capable of treating 30,000 m3/day of wastewater and of producing
25,000 m3/day of recycled water for industrial use in Liaoyang city, Liaoning province.
• Awarded a 30-year concession to build, own, operate and transfer a RMB 70 million plant, of
capacity 40,000 m3/day (expanded to 120,000 m3/day), to treat industrial and domestic
wastewater from a high tech industrial park in Wujin and neighbouring districts, in Changzhou
city, Jiangsu province.
April
• Obtained an exclusive license to manufacture Hyflux’s cutting edge ceramic hollow fibre membranes globally with the right to sell the membranes worldwide except Europe, after the acquisition of 51 percent equity in CEPAration B.V. - a spin off from leading Dutch technology institute, Netherlands Organization for Applied Scientific Research, who specializes in the R&D, production and sales of ceramic membranes used in liquid and gas separation.
March
• Awarded a concession to build a S$11.3million water treatment plant of capacity
30,000 m3/day, expanded to 50,000m3/day to supply drinking water to Lushan country in Henan province.
• Reached substantial agreement on the terms of a proposed investment by International Finance Corporate. The commercial lending arm of the World Bank, to take a preferred equity preferred equity interest in SinoSpring of up to US$20 million. SinoSpring invest in water projects in China. |
