SIAS sets up steering committee for Hyflux noteholders
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THE Securities Investors Association (Singapore) or SIAS has established an informal steering committee for holders of Hyflux's Series 008, 009 and 010 notes which are due this and next year. This is to facilitate the company's engagement with the noteholders during the reorganisation, the beleaguered water treatment firm said in a Singapore Exchange announcement on Wednesday evening.
Additionally, SIAS is currently setting up an informal steering committee for the holders of S$400 million of 6 per cent preference shares and the holders of S$500 million of 6 per cent perpetual securities. This is to "facilitate the company's engagement" with them during the reorganisation.
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