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Kaqun and Hyflux Cooperation

Hyflux to buy 30% in beauty and therapy company Kaqun Europe for $8mhyflux

Singapore-listed sustainable solutions from Hyflux Ltd has reached a deal to buy 30 per cent stake in the consumer water technology company, Kaqun Europe Zrt (Kaqun Europe), for $8 million, the company said in a regulatory filing after the close of market hours.

The deal will see Hyflux integrate its proprietary technology together with Kaqun Europe for a product line that it has exclusive rights to manufacture, sell, market and distribute under the brand name ELO in the Asia-Pacific, the Middle East and Africa, through a newly established entity called Elo Water Pte Ltd (Elo).

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