Yes, this has been one of the hottest topic recently “ Hyflux applies for court supervision to re-organize liabilities, businesses “ ( here ). Thousands of investors will be affected by this sudden collapsed of Hyflux , yes , including Me. Nobody know how things will turn out eventually under this so called “ debt’s restructuring “ but I think for sure it is not good for ordinary or preference shareholders who’s typically rank lower in term of debt’s seniority as compared to secured bank loans. Hundreds of millions of bond and perps securities holders will also be affected. In anticipating for the worst, I will need to write off  $114,675.44 from my books as I am holding 1270 units of their 6% CPS . Total cost = $117,816.81 - $3141.37 ( interest received on 25th April) Enough warning been given by analysts , bloggers on the problems of Hyflux in ......