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Hyflux Ltd. (HYF) said today that its Hydrochem unit signed a $14.4 million loan with the Japan Bank for International Cooperation and Mizuho Corporate Bank to purchase desalination plant equipment from Mitsui & Co.
The loan is for the Tuaspring plant, one of Asia’s largest seawater reverse osmosis desalination facilities in western Singapore that’s scheduled to start operations in July 2013.
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