SINGAPORE (Apr 30): On April 12, the Singapore Exchange questioned Hyflux on the unusual price movements of its shares. Hyflux replied that it had announced on Feb 27 that it had been approached by potential investors interested in a strategic investment in the company. Hyflux is in need of a significant cash infusion. A strategic investor would change the company’s investment thesis and provide the trigger for the prices of its shares, preference shares and perpetual securities to recover. Not so fast, though.

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