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josemmm123 Master	07-Jun-2021 00:01        josemmm123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux investor loses $250k and how he could have avoided it - PEPPERCORN.SG
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peterwong321 Veteran	06-Jun-2021 21:59        peterwong321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	21 Jun 2016 0.4500 0.4500 0.4500 0.4500 0.4451 3,000 Brought starting from Jun 2016 and slowly buildup to 100,000 shares average price 0.35 to 0.45 Capital investment - 40k now all gone just dim dim lor what can we do as investor
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phongy45 Senior	06-Jun-2021 21:53        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol ... all those companies  with " Singapore ..." are monopoly and having issues???? peterwong321      ( Date: 06-Jun-2021 21:42) Posted: If not Temasek behind SIA this high class service line business should has long been gone. ........ it should be call AIS
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honesty Master	06-Jun-2021 21:52        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	there was also a mention that initially other than salim, there were other bidders but not approved! investors would have been saved,hope we get to hear what exactly the issues were
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peterwong321 Veteran	06-Jun-2021 21:42        peterwong321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If not Temasek behind SIA this high class service line business should has long been gone. ........ it should be call AIS
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honesty Master	06-Jun-2021 21:29        honesty About Contact  Quote this Post!
x 0   x 0  Alert Admin	HF' s life was extended 10 times!  if it had not, possibly PNP would have got 50% back of their investment or lesser versus ZERO now! , not sure who exactly to be blamed des_khor      ( Date: 05-Jun-2021 13:19) Posted: Hyflux management must answer for it ! Especially Olivia ... refuse to sell 3 years ago when company still fresh from bankruptcy can at least fetch a good price ... now company already expired liao ( rotten ) ... who will want to buy expired items ?
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bornloser Senior	06-Jun-2021 18:20        bornloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	When Singapore has class action? All investment involve risks.
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trader1970 Elite	06-Jun-2021 17:13        trader1970 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally agreed.  It is indeed disheartening and heart breaking to hear that liquidation is the only route after so many years of so called " restructuring" and attempting to find the best suitor... Shouldn' t us be amazed that out of so many suitors todate, none of these offers by the so called unsuitable candidates in the eyes of the JM/managment/IFA  are better off than seeking Liquidation as the only route out...? we are all aware once the company goes under Liquidation, the value it can fetch will be substantially hair cut, which I doubt there are even any enough left for the perpetual holders as there will be insufficient to pay off the secured holders...(zero for shareholders definitely). To strip the assets and sell them one piece by one piece is time consuming and cost inefficient and any potential bidders will attempt to offer the lowest price/bid than they would have as if the assets are as a whole which is during and prior to the JM duration.  The aim of having a JM is having him to advise on the best suitor out of the many offers on the table (JM is to and can decide so as to cut the so much noises) but surprisingly nothing much has progressed since it ensued, except that of refunding the deposit of $38.9m back to SMI, the first white knight which put forth a $530m rescue deal on the table but was called off. All the professional fees incurred for advising the different classes of notes holders for the various bidders since the moratorium till now the JM costs, amounted to nil results. This is indeed pathetic and who should be culpable?...... Can there be class actions against any ?  This should be what the note holders be pondering about... n3wbie      ( Date: 06-Jun-2021 14:53) Posted: After years of trying to restructure the debt, the final decision was to wind-up. Might as well do it earlier to save on the professional fees and leave more crumbs for us retailers.
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n3wbie Elite	06-Jun-2021 14:53        n3wbie About Contact  Quote this Post! Style: Fundamental
x 1   x 0  Alert Admin	After years of trying to restructure the debt, the final decision was to wind-up. Might as well do it earlier to save on the professional fees and leave more crumbs for us retailers.
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des_khor Supreme	05-Jun-2021 22:51        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	Save billions on SIA compare to Hyflux is nothing .
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Starship Supreme	05-Jun-2021 17:31        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore' s Hyflux files for liquidation after investor talks fail Sat, 5 June 2021, 10:08 am Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.  cobrajr      ( Date: 05-Jun-2021 12:20) Posted: 15k people suffering? Hell is the place for the 1 who cause it Lobster      ( Date: 05-Jun-2021 08:33) Posted: End of the road for the 15,000 retail investors. Zero. Kaput. All hard earned savings gone. but one thing for sure. In spite of what she said publicly, how she cares for the retiree uncles and aunties, Olivia Lum will remain rich as ever. Such is the cruel world.
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Starship Supreme	05-Jun-2021 17:28        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	des_khor      ( Date: 05-Jun-2021 13:19) Posted: Hyflux management must answer for it ! Especially Olivia ... refuse to sell 3 years ago when company still fresh from bankruptcy can at least fetch a good price ... now company already expired liao ( rotten ) ... who will want to buy expired items ?
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Starship Supreme	05-Jun-2021 17:26        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore' s Hyflux files for liquidation after investor talks fail Sat, 5 June 2021, 10:08 am Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.  SINGAPORE, June 5 (Reuters) - The judicial managers of Singapore' s Hyflux Ltd said they have applied to a court to liquidate the company after talks for an investment into the embattled water treatment firm failed.  " Given the negotiations with the investor for an investment in the entire Hyflux Group were unsuccessful and consequently a restructuring not possible, the continuation of the judicial management of the company is no longer necessary," the managers from Borrelli Walsh said in a stock exchange filing on Friday.  They said the remaining value of Hyflux was best realised in a liquidation, adding that remaining bids to buy the company' s individual assets could be facilitated through winding its up.  Debt-laden Hyflux, once seen as a national champion running a strategically important water source for tiny, natural resource-poor Singapore, filed for a court-supervised financial restructuring in 2018 and defaulted on its debt payments. It was placed under judicial management in November.  National water agency PUB took over the company' s key water treatment plant two years ago.  Authorities have launched an investigation into the firm and its current and former directors.  https://sg.finance.yahoo.com/news/singapores-hyflux-files-liquidation-investor-020842475.html
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TA_Expert Supreme	05-Jun-2021 17:25        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Depends on what is left. Staff salaries must be first to be paid off from the proceeds of the assets sale. vicloo      ( Date: 05-Jun-2021 07:14) Posted: pnp invester still has hope to recover 1% capital from liquidation?... 1million imvested get 10k back? or zero? choices30      ( Date: 05-Jun-2021 01:24) Posted: The end of the road Those poor mom and pop investors
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Starship Supreme	05-Jun-2021 17:20        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux to wind up remaining value ' best realised' in liquidation Sat, Jun 05, 2021 / 12:46 AM GMT+8  The judicial managers (JM) of Hyflux Limited, Patrick Bance and Hamish Alexander Christie of Borrelli Walsh, have filed an application to the High Court on June 4 to wind up the company. In a filing on June 4, Bance and Christie have deemed that the objectives of the company&rsquo s judicial management are &ldquo no longer capable of achievement&rdquo and that the remaining value of Hyflux are &ldquo best realised in a liquidation&rdquo . The pair were appointed the judicial managers of Hyflux following a ruling from the High Court on Nov 16, 2020. According to a May 13 announcement, Bance and Christie had previously been granted an extension till July 14 to determine whether a potential restructuring of Hyflux was possible. The pair had at least seven non-binding offers from potential investors, including one bid for an investment in the entire Hyflux Group and six bids for specific assets in the group. Given that the negotiations with the investor interested in investing in the entire group were unsuccessful, and chances of a restructuring &ldquo not possible&rdquo , the continuation of the judicial management of the company was deemed unnecessary.The remaining six bids can be facilitated through the company&rsquo s winding up. https://www.theedgesingapore.com/news/company-news/hyflux-wind-remaining-value-best-realised-liquidation
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simplesimon Member	05-Jun-2021 16:54        simplesimon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux can be solved by political will instead of investing in India! cobrajr      ( Date: 05-Jun-2021 12:20) Posted: 15k people suffering? Hell is the place for the 1 who cause it Lobster      ( Date: 05-Jun-2021 08:33) Posted: End of the road for the 15,000 retail investors. Zero. Kaput. All hard earned savings gone. but one thing for sure. In spite of what she said publicly, how she cares for the retiree uncles and aunties, Olivia Lum will remain rich as ever. Such is the cruel world.
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des_khor Supreme	05-Jun-2021 13:20        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	$1,000,000 ?? peterwong321      ( Date: 05-Jun-2021 12:45) Posted: Got 100 lots inside already write off long ago
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des_khor Supreme	05-Jun-2021 13:19        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	Hyflux management must answer for it ! Especially Olivia ... refuse to sell 3 years ago when company still fresh from bankruptcy can at least fetch a good price ... now company already expired liao ( rotten ) ... who will want to buy expired items ?
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peterwong321 Veteran	05-Jun-2021 12:45        peterwong321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Got 100 lots inside already write off long ago
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cobrajr Veteran	05-Jun-2021 12:20        cobrajr About Contact  Quote this Post!
x 0   x 0  Alert Admin	15k people suffering? Hell is the place for the 1 who cause it Lobster      ( Date: 05-Jun-2021 08:33) Posted: End of the road for the 15,000 retail investors. Zero. Kaput. All hard earned savings gone. but one thing for sure. In spite of what she said publicly, how she cares for the retiree uncles and aunties, Olivia Lum will remain rich as ever. Such is the cruel world.   vicloo      ( Date: 05-Jun-2021 07:14) Posted: pnp invester still has hope to recover 1% capital from liquidation?... 1million imvested get 10k back? or zero?
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