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anyone shorted this burger today? wasted...noticed too late :P
Hyflux is pleased to announce that it has today signed a shareholders' agreement with Saudi Economic Development Company ("SEDCO") and Lube Oil Re-refining Co., LLC ("LUBREC") to collect, treat and recover used-oil collected from the power, petrochemical, marine and automotive industries to high grade base oil in Saudi Arabia.
Hyflux and SEDCO will invest into LUBREC to gain a shareholding of 41.5% respectively in LUBREC, with LUBREC holding 17% of the JV company ("JV Company"). Hyflux, SEDCO and LUBREC will invest a total of S$45 million in two phases over the next three years into JV Company.
As part of the joint venture, Hyflux will sell and install Hyflux's Advanced Membrane System ("HAMS") to LUBREC's existing used-oil recycling plant in Jeddah, Saudi Arabia ("Plant") as well as undertake relevant engineering procurement and construction work to upgrade and commission the Plant to achieve a designed processing capacity of 24,000 tonnes per year in phase 1, which is expected to be completed in the first half of 2008. Construction work for the Plant is scheduled to commence after obtaining all necessary permits and approvals. The capacity is expected to be doubled to 48,000 tonnes per day in phase 2.
Hyflux may not be healthy. see my MACD High Prob
i really hope so, sir.. just got vested again yesterday. when it was down to 2.48
Won 3 contracts in china, will it cheong for the next few weeks?
Nope ... nothing wrong... I double check on Poems... also high price change. Something big happening.
something wrong with sharejunction pricing today?
Does anyone know what is going on?