Very few Hyflux investors used CPF to buy shares

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