The development of Hyflux Limited (Hyflux) demanded it to become more financially sophisticated.
As a part of its "asset-light" financing strategy - optimising the use of capital by realising strength values early to keep a skimpy balance sheet - Hyflux spun off 13 water plants to some company trust, Hyflux Water Trust (HWT).
PUBLICATION DATE: January 25, 2011 PRODUCT #: INS133-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING