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Taxpayers cannot bail out Hyflux investors: Masagos
Minister explains that 'investors in search of returns must understand that returns come with some risks".
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Annabeth Leow
Published Mon, Apr 1, 2019 · 09:50 PM
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Singapore
THE public can't be asked to bail out struggling water treatment company Hyflux's retail investors, Minister for the Environment and Water Resources Masagos Zulkifli has said.
But national water agency PUB could still take over the Tuaspring desalination plant - which is expected to come with a negative valuation - to safeguard Singapore's water security.
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