Wednesday, March 06, 2019

Slow response from PUB about Tuaspring

A retail investor in Hyflux told me that the Public Utilities Board had been very slow in responding to the problem faced by Hyflux over Tuaspring. The delay caused Hyflux to suffer a large loss and destroy the value of the company.

I do not know if his remarks are fair. He must have been very disappointed to see his investment in Hyflux lose 90% of its value.

I tend to sympathize with his view. It was quite clear that the power generation in Hyflux was losing a lot of money.
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