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Hyflux Acquires 50% Of PT Oasis Waters International
Daily Bulletin | 18 November 2015
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Hyflux has announced that its wholly-owned subsidiary, Hyflux Consumer Products, has entered into a Joint Venture Agreement with PT Gunawan Sejahtera for the proposed acquisition of 50 percent stake of PT Oasis Waters International (PT Oasis) for $50 million.

PT Oasis currently manufactures, sells, markets and distributes bottled drinking water in Indonesia, with revenues of IDR700 billion ($73 million), growing at 36 percent year over year. The existing established distribution network and customer base of PT Oasis are synergistic and complementary to the consumer segment of the group, therefore the acquisition will not just provide future earnings, but also provide an immediate distribution platform in Indonesia for the group’s consumer products.

Hyflux  -- -- --   
Business: Provides integrated water management & environmental solutions. [FY17 Turnover] Municipal (82.5%), industrial (16%), others (1.5%).

Insight: Mar-19, 9M18 revenue sank 75% due to lower enginee... Read More


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