| Latest Forum Topics / Hyflux Last:0.21 -- |
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InvestSG
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17-Apr-2019 20:50
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did Hyflux vacated innovation centre?? |
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enjoylife77
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17-Apr-2019 20:30
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Hyflux will be a text book case study of corporate failure in business school worldwide. | ||||
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Stephenchow
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17-Apr-2019 20:28
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Guess the bonds/perp holders can kiss goodbye to their investment forever, the original sales plan of $1.3b for the Tuasspring was to pay the Malaysian bank ($500m) plus rest paying off the bond/perp holders.
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ysh2006
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17-Apr-2019 20:01
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Than can they Hyflux got nothing to sell file for bankrupt those deposite pledged with SM will be leave to PUB to recover and Maybank loss all the secure loan money ?
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Goldfinger
Supreme |
17-Apr-2019 19:11
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Best if the investors go after the Board and auditors/partners, They should be held fully accountable, if any irregularities or improprieties or negligence. Only when they feel the pinch on their own bottom-lines, can other mickey mouse cases be stopped. Regulators can do their part by imposing hefty fines, and jail terms even. Punish and fine the company only means punishing minority shareholders.
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Qanghoo
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17-Apr-2019 19:00
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Not, PUB' s gonna take over the desalintion plant. The power gen will not be included. But, as I understand it, the power gen is the main cause of the problem.
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sheerluck
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17-Apr-2019 15:04
Yells: "Work for your money first then let your money work for you" |
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The inevitable. Is Hyflux in a better condition after removing this turmor?
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guards80
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17-Apr-2019 15:02
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PUB issues 30-day takeover notice for Hyflux's Tuaspring desalination plant | ||||
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fatpanda
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17-Apr-2019 08:15
Yells: "Another wonderful day!" |
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These " top notch" professionals also smart mah. they were also " smart" to pick cases to handle " first" .
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sharez
Member |
17-Apr-2019 08:00
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马 后 炮 . It is better save their people before the disaster not after..
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fundamentalhero
Veteran |
17-Apr-2019 01:09
Yells: "I NEED HONEYS AND MONIES" |
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lol. look at midas. pure fraud with assistance from auditor to pass it off (mazars) Then they withdraw the audited statements and disclosures. 1.5 to 2 years now. MAS been saying investigate check with ACRA and ISCA. check check. lol now midas is being forced to be shut down without protection from MAS ACRA SGX SIAS and ISCA. WHEN THEY ARE THE CO-CONSPIRATORS TO THE FRAUD!!!! LOL!!!! ALL THESE " INVESTIGATION" AND " CHECKING" RESULT IN WHAT FOR INVESTORS? WE WANT SOLID RESULTS IN FORM OF ADMISSIONS OF MISTAKES BY THE AUTHORITIES FOR LAX OF ENFORCEMENT COUPLED WITH CLAWBACK OF MONIES. ESSENTIALLY USE YOUR POWER AGAINST THE PEOPLE WHO COMMITTED FRAUDS AND MISTAKES! SHOW US RESULTS!
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Stephenchow
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16-Apr-2019 21:28
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Will the white knight turn the tables and countersue them?   One thing for sure, lawyer firms going to Heng, Ong, Huat, Huat Ah!!! |
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Stephenchow
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16-Apr-2019 21:08
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SINGAPORE: Singapore&rsquo s regulators said on Tuesday (Apr 16) that they have commenced a review into Hyflux to see if the debt-laden water treatment firm has breached any regulations. In a joint reply to queries from CNA, the Monetary Authority of Singapore, the Accounting and Corporate Regulatory Authority and the Singapore Exchange Regulation said they are " currently reviewing Hyflux-related disclosure issues, as well as compliance with accounting and auditing standards, to determine if there have been breaches of listing rules and/or the relevant laws and regulations" . This marks the latest twist in events surrounding Hyflux&rsquo s high-profile debt restructuring attempt, which started last May and has since been marked by unexpected developments, including a public protest by angry retail investors.
Hyflux also earlier this month unexpectedly terminated a rescue deal with SM Investments, citing &ldquo no confidence&rdquo in the Indonesian consortium to complete a S$530 million investment agreed upon last October. This followed weeks of disputes involving information disclosures and alleged defaults by desalination plants operated by Hyflux. Hyflux on Monday said it has filed a writ of summons in the Singapore High Court to commence legal action against its would-be white knight, and is claiming a S$38.9 million deposit. As the clock ticks down to the end of a court-sanctioned debt moratorium on Apr 30 without a new investor in sight, the former star company seems to be hanging by a thread, with market analysts saying the odds of a liquidation have increased. During a case management conference last week, the company' s legal advisors told the court that it has not decided whether to seek an extension in debt reprieve. If it does, it will have until Apr 25 to make the necessary applications to the Singapore court.
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Stephenchow
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16-Apr-2019 20:56
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金 管 局 已 对 凯 发 信 息 披 露 课 题 展 开 审 查 新 加 坡 金 融 管 理 局 （ MAS） 、 会 计 与 企 业 管 制 局 （ ACRA） 以 及 新 交 所 监 管 公 司 （ SGX RegCo） 目 前 正 在 审 查 凯 发 集 团 （ Hyflux） 相 关 的 信 息 披 露 课 题 以 及 会 计 与 审 计 标 准 的 遵 循 ， 以 确 定 是 否 违 反 上 市 条 例 或 相 关 法 律 条 规 。 三 家 监 管 机 构 的 发 言 人 答 复 媒 体 询 问 时 ， 透 露 了 上 述 信 息 。 面 临 清 盘 危 机 的 凯 发 集 团 ， 原 本 期 望 获 &ldquo 白 武 士 &rdquo 拯 救 的 凯 发 集 团 ， 但 它 与 投 资 者 （ 印 尼 财 团 ） 达 致 的 债 务 重 组 计 划 遭 遇 许 多 永 久 证 券 持 有 者 和 优 先 股 持 有 者 的 反 对 ， 质 疑 凯 发 的 信 息 披 露 和 账 目 的 声 音 此 起 彼 落 ， 关 键 时 刻 凯 发 闹 出 与 投 资 者 关 系 破 裂 ， 双 方 各 执 一 词 ， 投 资 者 对 于 没 及 时 得 知 一 些 信 息 很 不 满 。 同 时 ， 要 求 当 局 调 查 凯 发 事 件 的 呼 声 不 断 。 |
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zstro99
Member |
16-Apr-2019 19:48
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Already the perps holders are claiming that hyflux had withheld vital information....so are we surprised that Salim is claiming the same too | ||||
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angmohlin
Veteran |
16-Apr-2019 12:38
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In view of Hyflux' s current financial situation, to be fair, SMI should ask Court to order Hyflux to place deposit in the Court before legal proceedings. | ||||
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Jyilailong
Member |
16-Apr-2019 07:47
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Honestly speaking, what is $38.9 millions in the hand of Hyflux management if they can lost few billions in such a short period.... Sad to say but have to agree that the money will going to be in the drain soon. | ||||
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Stephenchow
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15-Apr-2019 20:57
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Shining Armour White knight became White " Naked" knight , two balls swinging left to right , right to left like pendulum balls...
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Starship
Supreme |
15-Apr-2019 20:42
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Huflux wants the deposit money to rescue itself from bankruptcy..............
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enjoylife77
Veteran |
15-Apr-2019 20:42
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SMI fallen into the devil' s trap as expected. | ||||
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