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Sias chief questions PUB on Tuaspring in open letter

He asks how PUB fixed the value of Tuaspring at zero, and if it can extend the deadline for Hyflux to remedy defaults

"Could PUB have waited a little longer? Wouldn't that be helpful to the plight of the 50,000 Singapore citizens, who have ploughed their money into Hyflux, to avoid further uncertainty?" - Sias chief David Gerald


SECURITIES Investors Association (Singapore) chief David Gerald, saying he is representing the interests of retail investors of Hyflux, on Tuesday sent a letter with a list of queries to Ng Joo Hee, chief executive of the Public Utilities Board (PUB), regarding the developments...

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