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Hyflux Water Trust: Privatisation.

Monday, August 2, 2010


Trading of units in Hyflux Water Trust (HWT) was halted today as a proposed voluntary delisting was announced. The exit offer price is 78c per unit in cash.  This represents a premium of almost 14% over the last traded price of 68.5c.  Read announcement here.

I still have 5% of my original investment in HWT left, having divested the rest in stages for capital gains.  I planned to keep this remaining investment as a no brainer passive income earner for the longer term as I bought these at 30c early last year and the DPU is about 5c per annum, giving me a yield of about 17%.  This is not to be, it seems.  Looking on the bright side, I will be getting back some money and booking a gain.


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