Hyflux retail investors eyeing judicial manager's probe of company and board

Investors are disappointed by the paltry recovery rates offered by Hyflux's white knights.
Investors are disappointed by the paltry recovery rates offered by Hyflux's white knights.ST PHOTO: GAVIN FOO

SINGAPORE - With beleaguered Hyflux now under judicial management, chances are higher now that the 34,000 retail investors of its perpetual securities and preference shares (PnPs) may well end up with nothing if no viable deal is struck and the company goes into liquidation.

But a number are already resigned to this worst-case scenario, given that the management-led restructuring of the water treatment firm has yielded no deal so far, even as the group's remaining value continues to dissipate.

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