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lamepat

  4 months ago

hyflux woes
Closed

Once a stellar company,Hyflux is increasingly facing the inevitable fate of bankcruptcy.
A few years ago,several investors bought huge amount of perpetuals securities totalling hundreds of thousands.These people bought them thinking that it was a safe bet.
Yet Hyflux auditor KPMG never did advise on the massive debts that taken by the company a few years back.
Do you think the auditor need to take some blame on the issue?Do you think they may be more companies defaults in time to come?
Reply

whitetl

  4 months ago
No. Investors themselves must bear all risks.
0 comments

shann1

  4 months ago
KPMG will not had anticipate that Hyflux is not able to clear those debts. It is a rough path for Hyflux now, hopefully it will not have a sad ending.
0 comments

cteoak

  4 months ago
Yes, all involved must be made accountable
0 comments

hihello88

  4 months ago
not interested
0 comments

caninelover

  4 months ago
yes
0 comments

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