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Can Hyflux retire its preference shares before they get dearer?

The answer will largely depend on whether Hyflux can cash out on its Tuaspring stake

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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