Hyflux Investor (foreigner) asked about Hyflux
Dear Mr. Tan,

This is to thank you for your speech at Hong Lim Park. I watched it on YouTube yesterday.

I am a German national, who while residing in Singapore some years ago, bought some Hyflux perpetual bonds, which I am partly still holding.

Also myself was considering it to be a strategic company for Singapore.

Additional, the fact that it was a retail bond made me believe that it would be a general safe investment. Most bonds are not available for ordinary people, because of the high denominations of 250k.

How come the few bonds selected to be retail bonds then can be of “high risk” ? How are MAS regulations on this?

How can it be that “high risk” bonds are available via ATM, in a otherwise strict system where the banks require endless of paper to asses your risk profile?

Also I was very disappointed about the no bail out comment of the Minister, the other day.

Wasn’t it Singapore who was bailed out the Swiss bank UBS with 10 billion in 2007?

Wondering how many Singaporean retail investors had their investments at risk at UBS at that time. My guess is none.

Since I am a foreign national I will not participate in any dialog with the government, but this would had been the questions I would had liked to get an answer to.

Once again, thank you for speaking up on behalf of the investors.

(name removed)

 

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