Distressed Singapore firm Hyflux's rescue is pulled

Investors and creditors risk losing much of their money in Hyflux following the cancellation of a controversial plan to rescue the troubled Singapore-listed company.

In Singapore, 34,000 retail investors in Hyflux bonds and shares may lose S$900 million if the company is liquidated.

Han Shih Toh

April 04, 2019

The planned and controversial rescue of Hyflux has been called off, leaving the distressed Singapore-listed firm on the verge of liquidation and 34,000 retail investors on the brink of losing all their money.

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