Very few Hyflux investors used CPF to buy shares

People at a protest against Hyflux's debt restructuring plan at Speakers' Corner last month. The water treatment company had $2.95 billion in liabilities as of March 31 last year. Unsecured investors stand to lose everything if the company is liquida
People at a protest against Hyflux's debt restructuring plan at Speakers' Corner last month. The water treatment company had $2.95 billion in liabilities as of March 31 last year. Unsecured investors stand to lose everything if the company is liquidated.PHOTO: LIANHE ZAOBAO

CPF members hold less than 3% of its ordinary shares and less than 3% of its preference shares

Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company.

CPF members held less than 3 per cent of Hyflux ordinary shares and less than 3 per cent of its preference shares, said a CPF Board spokesman on Tuesday.

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A version of this article appeared in the print edition of The Straits Times on April 11, 2019, with the headline 'Very few Hyflux investors used CPF to buy shares'. Print Edition | Subscribe