I received a request to post the message below. A contact email is provided in the message for those who may be interested in finding out more.
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Dear fellow Hyflux Preference shareholders and perpetual securities holders (PnPs),
A group of volunteers have formed a litigation committee and this email is an invitation to fellow PnPs who are interested in joining.
We currently have a legal firm ready to commence on the legal opinion. With this legal opinion and the aid of the legal firm, we plan to source for litigation funders subsequently. The legal firm has not commenced on their work, pending this fund raising exercise.
We are seeking $50 from each PnP who chooses to join. The legal fee charged by the lawyer for the legal opinion is capped at SGD20,000.
Hence, we need at least 400 PnPs to join before we proceed.
Subsequently, only those who have funded, registered with complete, accurate details and shown their proof of holdings with their full name shown will be updated on the progress.
More details are provided below:
1) PnP letter
https://drive.google.com/file/d/1cczagzb0-IIdKR2PZxeOs1BYW9KUzWC3/view
2) FAQs
https://drive.google.com/file/d/1OerGZMPTzYx8IigP-hTibrJwClA3BGv7/view?usp=sharing
Do contact hyfluxretailpnp@gmail.com for your enquiries.
Thank you
Litigation Committee
(Stephen Lim, Johnson Zheng, Simon Sim, Max Sze, Francis Teo and Lee Eng)
