SINGAPORE (Mar 26): Emotions are running high among some Hyflux retail investors who stand to lose almost everything in the collapse of Singapore’s once much vaunted water-treatment company.

The frustration has prompted some of them to organise a protest on March 30 over a steep haircut imposed by the company under its $2.8 billion debt restructuring plan. The Business Times published a letter from a reader calling on Singapore to nationalise the plant, saying Hyflux may be worth as much as a commodity trader that got government support in 2014.

Debt holder Alex Leong has obtained a permit to organise the protest at a downtown park known as the Speaker’s Corner, the Straits Times reported on its website. The newspaper cited Leong’s concerns that he could lose a large proportion of his savings if the restructuring goes through.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook