(END) Dow Jones Newswires

November 03, 2008 19:58 ET (00:58 GMT)

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Volatile trading characterised the final week of a torrid month for investors in equities, currencies, bonds and commodities as data showed the global economy facing a protracted recession.

0300 GMT [Dow Jones] Hyflux Water Trust (D7TU.SG) +10.1% at S$0.38 as decision to buy 5 water-related infrastructure assets in China from sponsor Hyflux (600.SG) raises expectations of better DPU payout going forward. Move will cost S$88 million, expected to be funded by existing credit facility. Favorable terms of acquisition helping sentiment, as sponsor has pledged to pay HWT minimum sum for 2 years if plants function at lower utilization rate or incur cost increases. "

(END) Dow Jones Newswires

November 02, 2008 21:01 ET (02:01 GMT)

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Hyflux Water Trust (HWT) have been in negotiations to obtain funding to finance the acquisition of the first tranche of 9 assets from sponsor Hyflux, which deteriorating credit conditions may render unviable.

0316 GMT [Dow Jones] Hyflux (600.SG) down 13.8% at almost 14-month low of S$2.06 on above-average volume. Some traders attribute pullback to note from Kim Eng Securities calling for Trading Sell with downside target of S$2.02, while others say concerns about Hyflux Water Trust (D7TU.SG) not being able to secure funds to buy 9 of its China-based water treatment plants may be weighing on stock. Hyflux granted trust first right of refusal in June to acquire plants, valued at S$180 million, 

0246 GMT [Dow Jones] STOCK CALL: DBS Vickers downgrades Hyflux Water Trust (D7TU.SG) to Hold from Buy, citing concerns about getting funds for future acquisitions. Says trust may not end up buying initial portfolio of 9 China-based water treatment assets from sponsor Hyflux (600.SG) given tougher credit conditions

(END) Dow Jones Newswires

October 06, 2008 21:06 ET (01:06 GMT)

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Apex-Pal International has launched its first Hibiki outlet at the iconic Singapore Flyer. Hibiki offers fine dine quality Japanese cuisine at affordable prices starting from $3.

Hyflux, with Hyflux Water Trust (HWT), jointly announced the first portfolio of qualifying projects earmarked for potential injection into HWT.