Hyflux

Hyflux: Entered agreement to sell its entire 50% equity interest in Hyflux Marmon Development (HMD) to Marmon Water (Singapore) for US$43.4m (S$55.1m), potentially recognizing a net gain on book value of $53.9m (6.5¢/share). HMD’s principal activities are research and development on water treatment technologies with a particular focus on combined membrane and media filtration.