IPO   

Hyflux Water Trust

A BUSINESS trust backed by Hyflux has set an indicative price range of US$0.78 to US$0.91 a unit for its listing, potentially raising US$150.15 million, a source told Reuters.

Hyflux WaterTrust, which is based on 13 water treatment plants in China, is selling 165 million units in its listing, according to its prospectus. JPMorgan is handling the deal.