MAS and SGX keeping eye on Hyflux saga to see if company breached any rules

Hyflux's shares have been suspended since May last year pending a restructuring effort.
Hyflux's shares have been suspended since May last year pending a restructuring effort.PHOTO: ST FILE

SINGAPORE - The 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.

The Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) said they are keeping a close watch on developments at the debt-laden business, whose shares have been suspended since May last year pending a restructuring effort.

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