SINGAPORE (Apr 1): On March 30, upset Hyflux preference share and perpetual security (PnP) holders will be holding a demonstration at Hong Lim Park to vent their anger and frustration at the company. But getting their money back is a long shot. The PnP holders — in the event that the restructuring plan is successful — will receive only 10 cents to the dollar, of which just three cents is in cash. The restructuring plan is to be voted on by the PnP and unsecured noteholders on April 5, under a scheme of arrangement.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply