Disclaimer: I am not an investment advisor or lawyer. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don't wish to be assumed to be one. I make losses frequently.
On 12 June 2018, i sent an enquiry email to Singapore Exchange (SGX) , Monetary Authority of Singapore ( MAS) and Securities Investors Association (Singapore) SIAS on whether there were any grounds for enforcement action against Hyflux Board of Directors based on the Shares Purchase Mandate. I attached a printscreen showing Point (B) and Point(C) as per the picture below to substantiate my query. This is from the Annual Report 2014.
Image 1 In the green box above under Point (A), it...