#HearMeOut
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13 May 2019
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Hyflux
Allow Hyflux to fall into foreign control?
Two white knights have expressed interest to buy Hyflux. They are a utilities company in the UAE and a global investment fund.
Presumably, these potential investors see some value in investing in Hyflux.
What about the funds that are based in Singapore, including our govt agencies? Do they not see any value in preserving a home grown unicorn?
Perhaps they are worried about being accused of "bailing out" Hyflux. Can they look beyond this fear?
What about the desalination of water being a "strategic national asset"? Are we prepared to allow the control of Hyflux to fall into foreign control? Does any strategic thinking in our government study this issue?
Tan Kin Lian
Vote - it is bad for Hyflux to fall under foreign control
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