Attached is the response I got from Hyflux's Investor Relations when I emailed them about keeping silent despite the recent plunge in their CPS/PCS:
" Thank you for your email. Unfortunately, we are unable to comment on the share prices and CPS prices as this is a function of the market. Hyflux Ltd is unaware of any news that has caused movement in the prices of the preference shares and perpetuals.
As we are in the mandatory blackout period prior to our FY2017 results announcement, we apologise that we are unable to answer any forward-looking financial questions.
We seek your kind understanding on this.
Thank you. "
Key thing to note is that they are not aware of any news and it seems the market is only speculating on some kind of doomsday scenario based on what I see. On a side note, I am impressed that I got a same day response from their IR. Good job!