https://www.straitstimes.com/business/more-than-100-hyflux-investors-protest-at-hong-lim-park
Among them was 67-year-old retiree Koh Ah Kiw, who lost about $40,000 after investing in Hyflux preference shares and perpetual securities to "get pocket money for retirement"
Madam L.L. Hong, 53, and her husband, Mr B.C. Ong, 55, said they bought Hyflux perpetual securities and preference shares because they thought Tuaspring was a "strategic national asset".
Instead, they have lost more than $200,000 of their retirement funds.
For Madam B. Chua, 62, the $6,000 loss from her investment in Hyflux perpetual securities was just "a forgone holiday".
But she said she understood the pain felt by many retirees at the Hong Lim protest yesterday. Her husband, who was not at the rally, had lost under $100,000 of his investment.
Among them was 67-year-old retiree Koh Ah Kiw, who lost about $40,000 after investing in Hyflux preference shares and perpetual securities to "get pocket money for retirement"
Madam L.L. Hong, 53, and her husband, Mr B.C. Ong, 55, said they bought Hyflux perpetual securities and preference shares because they thought Tuaspring was a "strategic national asset".
Instead, they have lost more than $200,000 of their retirement funds.
For Madam B. Chua, 62, the $6,000 loss from her investment in Hyflux perpetual securities was just "a forgone holiday".
But she said she understood the pain felt by many retirees at the Hong Lim protest yesterday. Her husband, who was not at the rally, had lost under $100,000 of his investment.