Lim Tean announces he’s attending Saturday protest organised by Hyflux investors

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

The opposition politician is inviting others to join in as well

out not just of investors but other parties as well. One of the more prominent among them is opposition politician and lawyer, Lim Tean.On a Facebook post dated March 26, Tuesday, Mr Lim wrote about how “disgraceful” it is that the 34,000 retail investors of Hyflux could possibly lose as much as 97 percent of their investments, especially since Hyflux had been “heavily backed by the government and the financial regulators who allowed CPF monies to be invested.

In his post, Mr Lim assigned responsibility to the government, saying, “Once again, ordinary Singaporeans have been let down by this PAP government.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hyflux investors to stage protest at Speakers’ Corner on March 30Singapore: Some of the investors of Singapore’s beleaguered controversial water treatment firm Hyflux are planning on staging a protest at the Speak
Source: IndependentSG - 🏆 2. / 72 Read more »

PUB to take over Tuaspring plant if Hyflux cannot fix its defaults by April 5SINGAPORE- To safeguard Singapore's water security, water agency PUB will terminate the water purchase agreement with Hyflux and start the process of taking over its Tuaspring plant if the beleaguered water treatment firm is not able to fix its defaults by April 5.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

PUB says Salim-Medco should not use it as excuse to pull plug on Hyflux dealHYFLUX's reluctant white knight Salim-Medco consortium (SMI) should not use PUB as an excuse to back out of its investment agreement with the water treatment company, the national water agency said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Financial regulators keeping close watch on Hyflux sagaThe saga surrounding Hyflux has caught the eye of Singapore's financial regulators, who are looking into whether the water treatment company has breached any rules.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »