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HYFLUX LTD.'s PERPETUAL CAPITAL SECURITIES: DEBT OR EQUITY?

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Hyflux Ltd., a Singapore Exchange (SGX) listed sustainable water and energy solutions company, declared losses for the first time since its listing more than a decade ago, and expressed its inability to service its debt and pay distribution to holders of its perpetual capital securities and perpetual preference shares. These investors were in a state of shock and disbelief when barely 5 months later, in May 2018, Hyflux suspended the trading of its shares on SGX and opted for a court-supervised debt reorganisation process. Where had Hyflux, the erstwhile poster child of Singapore's innovation and entrepreneurship capabilities, erred?

【書誌情報】

ページ数:20ページ

サイズ:A4

商品番号:HBSP-NTU261

発行日:2020/7/12

登録日:2021/4/14

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