Mr Gerald said:"According to the advisors, for the new plan to materialise, the company will need at least three months, which I support in the interest of all retail investors."Martin Lee, a perp, pref and ordinary shareholder, said:"While this seems like a positive development, there have been so many twists and turns in this Hyflux saga that I think it is better to wait for details before giving comments on the merits of the new deal.
After Hyflux's planned rescue deal with Indonesia's Salim-Medco deal fell through earlier this month, Hyflux is slated to lose its largest asset, Tuaspring.
Source: News Formal (newsformal.com)
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