facebooki invested a large sum of money into Hyflux, I am hoping to seek advice on what I should vote for in the Scheme of arrangement. Wondering if anyone can give me some advice. Thanks! - Seedly
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AMA The Fifth Person Investments

Anonymous

Asked on 19 Feb 2019

i invested a large sum of money into Hyflux, I am hoping to seek advice on what I should vote for in the Scheme of arrangement. Wondering if anyone can give me some advice. Thanks!

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Victor Chng, Co-Founder at Fifth Person Pte Ltd

Victor Chng, Co-Founder at Fifth Person Pte Ltd

Level 9. Genius

Answered on 21 Feb 2019

Hi,

Voting for the Scheme means that you will receive about 10 cents to the dollar. It's a massive loss but it looks like this only current offer on the table. Voting against the Scheme leaves things up in the air and it is uncertain who else may come in to bail Hyflux out. Who knows? I can't make the decision for you but it's an unfortunate situation.

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