SINGAPORE: A rare public protest in Singapore on Saturday underscored mounting anger among investors set to suffer sharp losses in one of the country’s highest-profile corporate debt restructuring.
“There are a lot of questions that need answers,” said Ray Ho, a 65-year-old retiree who has invested in the company’s perpetual bonds. “It’s already a gone case,” she said, adding that her husband had also made a separate investment in the company. “But is there a lack of care here? We need to know the answer.”
Some of the protesters’ placards called for authorities such as the Monetary Authority of Singapore to start an investigation and Hyflux’s auditor KPMG LLP to speak up on the issue.
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