A new plan is on the table for debt-stricken Hyflux that could see it avoid liquidation and keep the 34,000 retail investors"whole in its books", an investor watchdog said yesterday.
Sias president David Gerald said he was briefed by Hyflux advisers that the company is working out a"credible plan where the senior unsecured perps and pref holders will be much better off than in a liquidation".
Source: Loan Digest (loandigest.net)
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