SG Dealbook: OEL to acquire 51% of Allied Resources; Hyflux divests water assets for S$193m

SG Dealbook: OEL to acquire 51% of Allied Resources;  Hyflux divests water assets for S$193m

The Songhua River in Jilin City. Credit: Flickr/Claudio di Ludovico

OEL Holdings and Hyflux have both conducted transactions in China, with OEL acquiring a stake in a Jilin oilfield for $13.5 million and Hyflux divesting water plants to a newly developed joint venture with a transaction value of S$193 million.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter