Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hyflux Gains in Singapore After Desalination Plant Cost Approval

July 10 (Bloomberg) -- Hyflux Ltd., Singapore’s biggest water treatment company, rose to a 2 1/2-month-high after winning approval to raise the cost of building the island’s largest desalination plant.

Revised costs of S$1.05 billion ($829 million), an increase from S$890 million, were approved to construct the Tuaspring plant, Singapore’s second seawater desalination facility, Hyflux said in a statement. The shares climbed 3.1 percent to S$1.485, the biggest gain since July 4 and their highest since April 19.

The stock has risen 23 percent this year.

Link to Company News:{HYF SP <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.