SIAS calls new Hyflux plan to avoid liquidation “credible” and a “win” for its 34,000 shareholders

aid on Monday, April 22, that the new revival plan in the works is “credible” and will be a “win” for the company’s 34,000 retail investors.

Mr Tan nTan Corporate Advisory, who is well-known for corporate restructuring, was brought on board last week to help resolve the company’s issues. There is no mention of a white knight but there are many ways to skin a cat … It doesn’t have to be the way it happened the last time.” The president of SIAS asked all parties to stay patient in order to give the company time to develop this plan and to avoid the possibility of liquidation.

SIAS calls on all parties, senior and junior creditors to give the company the time to work on the alternative plan to avoid liquidation, which will result in a very adverse return to all the creditors and stakeholders.”

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