I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Monday 4 July 2011

TUASPRING PTE LTD SECURED FINANCING OF S$150 MILLION TO FUND TUASPRING DESALINATION PLANT

Hyflux Ltd (“Hyflux” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Tuaspring Pte Ltd, has secured financing of S$150 million to fund the desalination facility of the Tuaspring Desalination Plant (“Tuaspring Plant”).

The financial package is arranged by DBS Bank Ltd, Mizuho Corporate Bank, Ltd and Sumitomo Mitsui Banking Corporation.

The Company also wishes to announce that it is on track to securing financing for the power plant facility that will be installed on site.

The Engineering Procurement and Construction (“EPC”) works for the desalination facility of the Tuaspring Plant shall be undertaken by a wholly owned subsidiary of the Company and construction is estimated to be completed within 24 months from notice to proceed.

This funding arrangement is not expected to have a material financial impact on the Hyflux group for the current financial year.

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