Date: February 11, 2019
8 February 2019
Board of Directors
Hyflux Ltd
Hyflux Innovation Centre
80 Bendemeer Road
Singapore 339949
Through Ms Olivia Lum,
Executive Chairman &
Group Chief Executive Officer
Questions to Hyflux Board
Dear Olivia and Board members,
SIAS, representing the interests of the numerous stakeholders of various securities, is seriously concerned that many questions regarding the operations, valuation and accountability of the board of directors of Hyflux have not been addressed, so as to help securities holders make an informed decision, with respect to the restructuring.
Having engaged the various stakeholders, SIAS now poses the following questions to the Hyflux board and its advisers to address as we do not want to fail our duty to our stakeholders:
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SIAS’s role has always been to bring parties together to find a reasonable solution on a win-win basis. Therefore, in the interest of transparency and accountability, please publish the responses to the above questions. This will help securities holders have a better understanding of the current state of the company and make informed decisions, with respect to the proposed restructuring.
Yours sincerely
David Gerald
President and CEO
Cc: Wong Partnership & EY
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