Saturday, March 09, 2019

A poison pill for Hyflux

A retail investor in Hyflux said that the government gave a poison pill to Hyflux. I asked him to explain his remarks.

He said that the government asked for tender for the Tuaspring project. It comprised a water desalination plant and a power generation plant.

If there was already an overcapacity in power generation, why did the government asked any party (Hyflux or others) to submit a tender for this project? Is it not giving them a poison pill?

No comments:

Blog Archive