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RedEye1811 Master	05-Sep-2016 12:52        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Longer the announcement delay the worst the outcome....now it 1/2 day passed can only conclude Vallianz dead and buried...they likely got demands and called a halt so they can come up with some reply and then go belly up...why else stop for so long if not for bad news... investshare      ( Date: 05-Sep-2016 12:44) Posted: still no announcement... investshare      ( Date: 05-Sep-2016 09:35) Posted: As mentioned before, I don't think they can net off the debt. Bond has higher seniority than supplier. You can argue and make noise but bond holder will go by book. Worst it now trigger other creditor to take action. Let's wait for the announcement.
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investshare Supreme	05-Sep-2016 12:44        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	still no announcement... investshare      ( Date: 05-Sep-2016 09:35) Posted: As mentioned before, I don't think they can net off the debt. Bond has higher seniority than supplier. You can argue and make noise but bond holder will go by book. Worst it now trigger other creditor to take action. Let's wait for the announcement.
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Just4win Supreme	05-Sep-2016 12:34        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup, poor Vallianz.. now kena drag down by Swiber.
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RedEye1811 Master	05-Sep-2016 12:23        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yea...the IJMs reckon sound chance of Swiber surviving...to do that they sacrifice Vallianz..old Chairman run off at first sign trouble...do not apologize Vallianz investors for driving down share price..now he working hard with IJM to save his pet but to so sacrifice Vallianz by sending IJMs to get money they feel owed but will not pay what they owe...nice... vinyxt      ( Date: 05-Sep-2016 11:54) Posted: SINGAPORE - Vallianz Holdings requested a trading halt before markets opened on Monday (Sept 5) " pending release of announcement" , it said in a filing to the Singapore Exchange. Vallianz, which provides support vessels for the oil industry, said last Wednesday (Aug 31) that several of its entities had recently received letters from the interim judicial managers of Swiber Holdings and its subsidiary, Swiber Offshore Construction (SOC), asking for payments totalling about US$63.5 million (S$86.5 million), which they said was owed. Vallianz said last week its entities have declined to pay the amounts, saying that the Vallianz Group and the Swiber Group have long had the practice of extending credit to each other with no fixed term of repayment, and eventually netting off any receivables and payables between the two. It went on to say that receivables owed by Swiber to the Vallianz Group must be taken into account in return.
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vinyxt Member	05-Sep-2016 11:54        vinyxt About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE - Vallianz Holdings requested a trading halt before markets opened on Monday (Sept 5) " pending release of announcement" , it said in a filing to the Singapore Exchange. Vallianz, which provides support vessels for the oil industry, said last Wednesday (Aug 31) that several of its entities had recently received letters from the interim judicial managers of Swiber Holdings and its subsidiary, Swiber Offshore Construction (SOC), asking for payments totalling about US$63.5 million (S$86.5 million), which they said was owed. Vallianz said last week its entities have declined to pay the amounts, saying that the Vallianz Group and the Swiber Group have long had the practice of extending credit to each other with no fixed term of repayment, and eventually netting off any receivables and payables between the two. It went on to say that receivables owed by Swiber to the Vallianz Group must be taken into account in return.
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vinyxt Member	05-Sep-2016 11:50        vinyxt About Contact  Quote this Post!
x 0   x 0  Alert Admin	IJM wants Vallianz to pay back Swiber USD63.5 mil
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swv001 Member	05-Sep-2016 10:49        swv001 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the IJM of Swiber says Swiber can be saved. It looks so good. IJM says Swiber has 1.67B secured project orders on-going, and so far received 24 expressions of interest from potential investors. Any one/bondholder has the IJM' s report sebmitted to the High Court last Friday? Please paste here? At lease the balance-sheet as of 31/07/2016. thank a lot.
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pingping711 Member	05-Sep-2016 10:37        pingping711 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So if really kena suspension, then all the shares we hold become worthless??? Omg
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investshare Supreme	05-Sep-2016 10:22        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	What if it is a privatization offer? ) Macqueen      ( Date: 05-Sep-2016 10:11) Posted: Open just sell no need wait DYODD investshare      ( Date: 05-Sep-2016 10:01) Posted: Trading halt can only last for a certain time. If continue, then become suspension. Under halt or suspension you can't trade the share
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Macqueen Master	05-Sep-2016 10:11        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Open just sell no need wait DYODD investshare      ( Date: 05-Sep-2016 10:01) Posted: Trading halt can only last for a certain time. If continue, then become suspension. Under halt or suspension you can't trade the share. pingping711      ( Date: 05-Sep-2016 09:46) Posted: If trading halt never resumes, how can those people holding Vallianz shares sell their shares?
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investshare Supreme	05-Sep-2016 10:01        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trading halt can only last for a certain time. If continue, then become suspension. Under halt or suspension you can't trade the share. pingping711      ( Date: 05-Sep-2016 09:46) Posted: If trading halt never resumes, how can those people holding Vallianz shares sell their shares?
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pingping711 Member	05-Sep-2016 09:46        pingping711 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If trading halt never resumes, how can those people holding Vallianz shares sell their shares?
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investshare Supreme	05-Sep-2016 09:35        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	As mentioned before, I don't think they can net off the debt. Bond has higher seniority than supplier. You can argue and make noise but bond holder will go by book. Worst it now trigger other creditor to take action. Let's wait for the announcement.
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sheerluck Supreme	05-Sep-2016 09:29        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	hope (use heart) is good but think (use brain) is bad. Sometime the heart wins.  Most of the time the brain wins. Which one will win this times?
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RedEye1811 Master	05-Sep-2016 09:23        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If new contracts they would announce straight away..not halt..so only bad. More demands. Going belly up.
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RedEye1811 Master	05-Sep-2016 09:21        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Biz times n Straits inferring must do with the IJM letters. So only bad.
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RedEye1811 Master	05-Sep-2016 09:10        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	News bad only. This counter not with luck. Swiber struck first blow then IJM of Swiber stick knife in now final twist. Sure gone. Others now line up to put in letters of demand. That likely announcement. Letters of demand came in after IJM demands so now no way can pay. Winding up to come.
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Macqueen Master	05-Sep-2016 09:02        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think gone case le don't have high hope ba moron101      ( Date: 05-Sep-2016 08:58) Posted: Could be buy-over news? or contracts renewal? Let 's pray.. 😌
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moron101 Supreme	05-Sep-2016 08:58        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Could be buy-over news? or contracts renewal? Let 's pray.. 😌
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RedEye1811 Master	05-Sep-2016 08:52        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Looks like bad news...closing down...letter of demands rolled in so no cash left...bye bye baby..bad news magnet this thing...
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