People gather to listen to a speaker during a protest on Hyflux Ltd. debt restructuring plan in Singapore, on Saturday, March 30, 2019.
SINGAPORE: A rare public protest in Singapore underscored mounting anger among investors set to suffer sharp losses in one of the country’s highest-profile corporate debt restructurings.
The catastrophic slump of the once-vaunted water and power company, Hyflux Ltd, has stunned debtholders, who stand to lose about 90%. About 500 of those individual investors gathered in a downtown park known as the Speaker’s Corner on Saturday, carrying placards and posters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
