In a letter to shareholders, Hyflux CEO Olivia Lum explained that “depressed electricity prices in Singapore” had forced the company into its first operating loss last year, and that subsequent improvements in the price had not been sufficient to “restore the Group to its previous levels of profitability”.
Hyflux was placed under judicial management in November 2020, and the High Court in July 2021 approved its winding up, after the company failed to secure a white knight while it was under a debt moratorium for almost two years.17 Nov 2022
Today, price of electricity has reached the highest in history..is the price sustainable?
Are we being delusional with Genting, many other counters in Asia region have recovered well and yet this one and Malaysia in general is very poor. I guess we can always hope and pray! People talk about topping up as if capital is free and has no cost!
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keyman
524 posts
Posted by keyman > 2023-12-21 10:15 | Report Abuse
Maybe can be lower. Dont rush. Take a rest, have a kit kat. The world will be better. 😉