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Can Hyflux retire its preference shares before they get dearer?
INVESTORS sniffing for yield would have noticed that Hyflux's 6 per cent preference shares, issued at S$100 apiece, now trade below par at S$92.67 even with the first call date nearing on April 25.
The first of a kind upon their market debut in 2011, Hyflux's S$400 million perpetual
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