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Nainai Member	26-Apr-2019 08:47        Nainai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Power plant belongs to Maybank and not Hyflux  zillion      ( Date: 26-Apr-2019 08:45) Posted: It is left with the power side can get funds from anyone who must hv a very long term view. Horse is half dead /alive.
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zillion Master	26-Apr-2019 08:45        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is left with the power side can get funds from anyone who must hv a very long term view. Horse is half dead /alive.
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destinykraze Elite	26-Apr-2019 08:43        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Meanwhile those debts continue to increase. $500m in 2 years, so the longer this drags on more suffering will be imposed on those affected. Faster close shop close case better.
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destinykraze Elite	26-Apr-2019 08:39        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Could have started in 2012. When the company was making huge losses. But despite that, they continued to give huge dividend, mainly to benefit certain people and feed sweet poison to gullible  investors guards80      ( Date: 26-Apr-2019 06:37) Posted: Olivia Lum says she will take S$1 salary until Hyflux is restructured
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helloisme Veteran	26-Apr-2019 08:39        helloisme About Contact  Quote this Post!
x 0   x 0  Alert Admin	Grateful that there are still people willing to try to " save" this " dying " company. 死 马 当 活 马 医 Literal translation: to treat (cure) a dead horse like it&rsquo s a live one Hope there is some positive outcome else so many people will " suffer" painful lost of $$$$
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Leehonghng Member	26-Apr-2019 08:38        Leehonghng About Contact  Quote this Post!
x 0   x 0  Alert Admin	She has to go, the company have to go too! sharez      ( Date: 26-Apr-2019 07:48) Posted: hyflux has future or no future? if no, agree gov do not waste tax payer's money to bail it out. if have future, say 5 or 10 years later will WATER SG, reasonable to bail it out is it?
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guards80 Supreme	26-Apr-2019 08:37        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux gets letter of demand from Maybank for payment of S$509m, other amounts due HYFLUX said late on Thursday night that subsidiary Tuaspring has received a letter of demand from Maybank dated April 23 over payments the bank said was " immediately due and payable" . They comprise S$509.1 million drawn down under term loan facilities, a US$44.5 million cash cover for contingent liabilities, along with further interest and legal costs on a full indemnity basis, the beleaguered water treatment firm said in a regulatory filing. Hyflux said that the term loan and letter of credit facilities provided by Maybank, its biggest secured creditor, under Tuaspring&rsquo s financing arrangements are &ldquo non-recourse to and not guaranteed by the company&rdquo . An estimate of S$28.0 million in payments is also due to Maybank from hedging agreements. Hyflux added that it is currently unable to precisely determine the exact amount due to currency exchange fluctuations and interest rate movements. Maybank had reserved its rights under the hedging agreements entered as part of Tuaspring&rsquo s financing arrangements, it said. " The demand from Maybank, like the termination of the collaboration agreement, is expected to have a material impact on the financial performance of the group," Hyflux said. Maybank has also issued a notice telling Tuaspring not to sell, remove, transfer or dispose its property charged to a debenture, as the floating charge over said property has crystallised. This excludes the sale of Tuaspring&rsquo s desalination plant and shared infrastructure to the Public Utilities Boar as per the water purchase agreement. http://www.businesstimes.com.sg/companies-markets/hyflux-gets-letter-of-demand-from-maybank-for-payment-of-s509m-other-amounts-due
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Leehonghng Member	26-Apr-2019 08:34        Leehonghng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux do not have any hopes! Hyflux 是 死 定 的 ！ Three ways : 1) Wind-up, 2) Under JM, 3) All my shares/money gone. All the while is a con job directed by OL.
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sharez Member	26-Apr-2019 07:48        sharez About Contact  Quote this Post!
x 0   x 0  Alert Admin	hyflux has future or no future? if no, agree gov do not waste tax payer's money to bail it out. if have future, say 5 or 10 years later will WATER SG, reasonable to bail it out is it?
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guards80 Supreme	26-Apr-2019 06:37        guards80 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Olivia Lum says she will take S$1 salary until Hyflux is restructured
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ysh2006 Supreme	26-Apr-2019 05:44        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybank and PUB date line end of April and Mid May to take PS & TS.....
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Stephenchow Veteran	25-Apr-2019 22:46        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Justice Aedit observed that Hyflux had come to court on Thursday without an investor, despite his instruction that it would have to show a concrete plan.   A debt moratorium under Section 211B of the Companies Act is not meant to continue indefinitely but to give the company breathing space, he said: Is it so bad to move into liquidation?   WongPartnership lawyer Manoj Sandrasegara, who represents Hyflux, told the court: &ldquo Liquidation is armageddon because everything just grinds to a halt.   The judge ventured: Sometimes you just kill in order to be merciful.   Mr Sandrasegara agreed that this may be so for really bad cases, but Hyflux is not at that stage, and still has a track record in the global water business.   Mr Aedit replied: So does Kodak, and Toys&lsquo R&rsquo Us... If it goes on and on... I do not think that the 211B mechanism is intended to last for that long.   One creditor, DBS Bank, supported Hyflux&rsquo s request for the stay on creditors&rsquo claims to be extended. But others were impatient.   Mizuho, KfW, Bangkok Bank, BNP Paribas, CTBC Bank and the Korea Development Bank have applied to be carved out of the moratorium. The Court will decide on May 7 whether they can be carved out.   If a carve-out is approved, these banks plan to file an application to appoint judicial managers (JMs) over Hyflux and Hydrochem to replace the present Hyflux management.
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ysh2006 Supreme	25-Apr-2019 22:31        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	will Maybank continue exercise right to take the power station ?...Middle East client if is Iran will govt accept ? one month extension enough to bring the fund here? ...pay who first ? Stephenchow      ( Date: 25-Apr-2019 20:55) Posted: Mr Eddee Ng, senior partner at Tan Kok Quan Partnership, who represents the group of banks, argued: We are 10 months into the restructuring. Beyond a non-binding letter of intent which (Hyflux) has shown to no one, we have nothing." As far as we know, these plans on paper remain hypothetical scenarios and we should call them as such, Mr Ng said. He also criticised the restructuring process as having " gone all over the place" in the past 10 months.   It is marked by a lack of transparency by Hyflux and the application came at the back of repeated requests for information, he said. There is good cause to replace the management of the company with a judicial manager because we have lost confidence in the management and board of Hyflux in continuing to run the restructuring. And this is echoed by a lot of retail investors.
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Stephenchow Veteran	25-Apr-2019 21:55        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ali Baba also from middle east
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Sgvale Supreme	25-Apr-2019 21:44        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Or Hyflux just trying to get extension of its debt moratorium? Will Middle East investor back out at last minute again? Sgvale      ( Date: 25-Apr-2019 21:39) Posted: Salim gg to invest $530 million, HYFLUX perps & perps haircut & get only 3% back. Middle East investor gg to invest lower at $400 million, HYFLUX perps & perps likely to avoid haircut in new plans? Why is it possible? No need to pay creditors first?
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Sgvale Supreme	25-Apr-2019 21:39        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Salim gg to invest $530 million, HYFLUX perps & perps haircut & get only 3% back. Middle East investor gg to invest lower at $400 million, HYFLUX perps & perps likely to avoid haircut in new plans? Why is it possible? No need to pay creditors first?
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Leehonghng Member	25-Apr-2019 21:06        Leehonghng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well done, Mr. Ng.
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Stephenchow Veteran	25-Apr-2019 20:55        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mr Eddee Ng, senior partner at Tan Kok Quan Partnership, who represents the group of banks, argued: We are 10 months into the restructuring. Beyond a non-binding letter of intent which (Hyflux) has shown to no one, we have nothing." As far as we know, these plans on paper remain hypothetical scenarios and we should call them as such, Mr Ng said. He also criticised the restructuring process as having " gone all over the place" in the past 10 months.   It is marked by a lack of transparency by Hyflux and the application came at the back of repeated requests for information, he said. There is good cause to replace the management of the company with a judicial manager because we have lost confidence in the management and board of Hyflux in continuing to run the restructuring. And this is echoed by a lot of retail investors.
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Stephenchow Veteran	25-Apr-2019 20:17        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	I also have two credible plans:-  1. A middle east friend has given me a $400m cheque for my daily expenses, but this cheque can only cash out frrom bank after 3 months because my " middle east" friend can only deposit money in small $2 notes to the bank daily 2.I also have a non binding agreement with SGpools that they will pay me $2.3m if I buy 4D sweep ticket and strike first prize on first Wednedsay of any month
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Stephenchow Veteran	25-Apr-2019 20:08        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	How come this story looks so familiar? Najib also has middle east donor that donated RM 2.6B.  He can at least shown people a written " binding"   proof of US S100m from the donor and openly stated that the person is Saudi Prince.
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