Sias says contact with potential Hyflux investor Widjaja was a courtesy call

THE Securities Investors Association , or Sias, has clarified that its meeting with potential Hyflux investor Johnny Widjaja was in the nature of an introductory courtesy call by the Indonesian businessman on Sias.

Mr Widjaja did not propose any terms for the holders of Hyflux's perpetual securities and preference shares during the meeting, said Sias.BT that he intended to address the concerns of the 34,000 holders in the last quarter of this year, after the close of a proposed deal with senior creditors offered by Pison Investments, which is Mr Widjaja's investment vehicle.

Sias had earlier said that any proposal by investors must include a firm offer for PnP holders and that the offer terms should be made public as soon as possible. It said it will not support any plan to rescue Hyflux that lacks a concrete proposal to resolve the debts due to the holders of the PnPs.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Don’t Miss This Dividend-Paying Growth Stock with Massive PotentialInvestors can enjoy the best of both worlds by investing in this company.The post Don't Miss This Dividend-Paying Growth Stock with Massive Potential appeared first on The Smart Investor.
Source: YahooSG - 🏆 3. / 71 Read more »

Singapore stock watch: Sembcorp, SIA Engineering, Yangzijiang, Thomson Medical, CDLHT, EC World ReitSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Monday (July 20):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »