SINGAPORE (May 28): Hyflux is not the only water company in the news. On May 23, shares in CITIC Envirotech fell 11.6% to 61 cents. The drop, likely triggered by the company’s announcement on the previous day that CEO Lin Yucheng had resigned, led to a query by the Singapore Exchange. In its response to SGX, the company also said Lin is in talks to sell a third of the 91.68 million shares he held. That would have left him with 2.86% of the company.

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