I received a request to re-post the message below, which was first posted on 23 August 2021. The committee that was formed is seeking legal advice in light of the following news in the mainstream media today that there are charges filed against certain Hyflux directors, the CEO and CFO:

The committee thinks that some investors may not have joined them yet as they may be waiting for such news.
The contact email is hyfluxretailpnp@gmail.com.

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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)