Deals
Singapore’s Hyflux Woes Spark Protests, Call for Nationalization
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Emotions are running high among some Hyflux Ltd. 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 organize a protest on March 30 over a imposed by the company under its S$2.8 billion ($2.1 billion) debt restructuring plan. The Business Times published a letter from a reader calling on Singapore to nationalize the plant, saying Hyflux may be worth as much as a commodity trader that got government support in 2014.