The PUB threat to take control of the Tuaspring water and power plant unless defaults are fixed is a wake-up call for Hyflux investors unsure of how to vote on the restructuring plan on April 5, some industry observers say.
A source close to the restructuring said last night: "The way to cure its defaults is through restructuring. The underlying message is for investors to consider the white knight's offer seriously, and not depend on the Government to bail them out."
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