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No Taxpayer Bailout For Hyflux Retail Investors, Singapore Says - Nikkei Asian Review

by asia.nikkei.com posted 1month ago 13 views
SINGAPORE -- The government will not rescue retail stock- and bondholders of debt-laden water treatment company Hyflux who stand to lose nearly 90% of their investments, Singapore's environment minister said on Monday after hundreds gathered for a rare public rally. "We can understand the concerns and anxieties of the retail investors and we are saddened by their plight," Masagos Zulkifli said in response to questions in the parliament. "But the government cannot use taxpayers' money to help investors recoup investment losses." "Investors in search for returns must understand returns come with some risks," he also said.

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