Restructuring does not stop any probe into Hyflux: SIAS chief

SECURITIES Investors Association chief David Gerald in his latest media statement on the debt-ridden Hyflux, attempted to correct some erroneous views of investors of the water treatment company, as he pointed out that current investigations, if any, would not be aborted just because investors vote in favour for restructuring on April 5.

"SIAS is advised that this view is not correct. If there is any investigation, currently, it will continue and it need not put the company in liquidation for the investigation to take place," Mr Gerald wrote. In urging all investors to turn up to vote, the founder and chief executive of SIAS pointed out that the offer from Salim Group is the only deal on the table, and investors could possibly recoup their losses only if Hyflux does not go into liquidation - the other outcome if restructuring is not supported by investors.

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 receives arbitration request for desalination plant in AlgeriaTROUBLED water treatment company Hyflux said on Tuesday that it has received a request for arbitration from Algerian Energy Company (AEC) in relation to its seawater desalination plant in Algeria. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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 »

Hyflux faces arbitration request over desalination plant in AlgeriaTROUBLED water treatment company Hyflux said on Tuesday that it has received a request for arbitration from Algerian Energy Company (AEC) in relation to its seawater desalination plant in Algeria. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Lim Tean announces he’s attending Saturday protest organised by Hyflux investorsSingapore—Investors of beleaguered water treatment company Hyflux are all set to protest on Saturday, March 30. Organisers are expecting a good turn
Source: IndependentSG - 🏆 2. / 72 Read more »