In City Spring's prospectus, it is already indicated that Hyflux has offered City Spring the right of first refusal for its portfolio of projects in China, under its sinospring subsidiary.


If you look at hyflux's website, under China, you can see that they have approx 260m worth of municipal projects under BOT with concession of 20-30 yrs, which might possibly be injected into City Spring, when they are completed and under the right conditions (ie right yield)

 

*Notes this especially SINOSPRING*






Temasek has the 1st Say as far as CTSpring infarstruture Trust




Earlier this year, S'pore's water-treatment group Hyflux also announced an IFC investment of up to US$20 mil in SinoSpring, a Hyflux joint-venture Coy that undertakes projects in China.

 

FYI: Feb 27, 2007 Sept IPO at 0.65c, now traded at $1.84 c
Published Aug 26, 2006 (FYI: Another hyflux in making) 
US$10m IFC boost for Epure ahead of its listing here

By CHEW XIANG 

 

Getting some ground feeling from other forum that CTS is going to spring up with call warrant and cover warrant, plus coversion into mother share. look to spring up eventually from 1.5, 1.6 to 1.7 and even above 2 (in 3-6 mths time) as all what ever warrant issue, cover warrant (covered) is done by bank and bank is v.rich and when warrant run out of date, eventually px will close higher then now beco's again bank is holding a lot of shares  now at 1.5 on average and 





No bank will back a lossing horse