Hyflux:to its restructuring scheme that will allow retail perpetual and preference shareholders to ride more upside in the recapitalised water treatment firm. This comes after unhappy perp and pref holders, represented by the Securities Investors Association or SIAS, complained that they are not agreeable to the"paltry" recovery rate of 10.7 per cent on their original investment that Hyflux needs them to accept in order to return to solvency.
The work order was awarded to PEE on July 2, 2018 by a leading player in the marine engineering industry in relation to the complete fabrication, erection and installation of all structural and associated steelwork for building the living quarters of a marine admiralty yard, said DLF. The counter last traded at S$0.195 apiece.
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