| Latest Forum Topics / Hyflux Last:0.21 -- |
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Genting SP Next Move
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des_khor
Supreme |
09-Sep-2019 14:43
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Gone case ? | ||||
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investshare
Supreme |
29-Aug-2019 22:25
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Maybe Utico signed already, but Hyflux did not sign.
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Stephenchow
Veteran |
29-Aug-2019 21:48
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But on Thursday evening, Utico backpedalled on the statement. It clarified that it " already has creditors' approval for the restructuring agreement, which we consider a very significant development paving the way for a rescue deal for Hyflux When asked on Thursday why Utico said there was a signed deal when in fact there wasn' t, chief executive Richard Menezes said: Because August 26 was the deadline and creditors, note holders had accepted the restructuring agreement. The utility said the outstanding issues... predominantly refers to internal board level issues of Hyflux, probably including differences over advisors' fees, which Utico has capped at S$25 million in the restructuring agreementIt is prudent that a swift resolution is found so that Utico and Hyflux can endeavour to mitigate... value erosion of the entity, Mr Menezes said. Mr Menezes added that Utico is " reinforcing (its) commitment to the Hyflux retail perpetual securities and preference (PNP) shareholders, whom he said could get " $50 million minimum to $150 million on the high side depending on the options they choose" . The restructuring agreement would be a " first-of-its-kind proposition in the world where retail investors who are otherwise unsecured and have no mandatory cover to recover their investments have been integrated into the agreement with pay-out guarantees" , he said.   |
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investshare
Supreme |
29-Aug-2019 21:46
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Mean offer lapse?
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ysh2006
Supreme |
29-Aug-2019 21:21
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Hyflux still looking for other compsny to rescue her...
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Stephenchow
Veteran |
29-Aug-2019 20:39
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Yes, but still lose my small underwear, now go out without wearing underwear  ![]()
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Stephenchow
Veteran |
29-Aug-2019 20:38
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Jackie Chan new show:- drunken man and a hangover women  ![]() ![]() I got a hangover, wo-oh! I' ve been drinking too much for sure I got a hangover, wo-oh! I got an empty cup, pour me some more So I can go until I blow up, eh And I can drink until I throw up, eh And I don' t ever ever want to grow up, eh I wanna keep it going, keep, keep it going, going, going, going! I got a little bit trashed last night, night I got a little bit wasted, yeah yeah I got a little bit mashed last night, night I got a little shit faceted, yeah yeah (well) Oh oh oh oh oh I' m on the roof If you don' t know Well now you know  |
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Starship
Supreme |
29-Aug-2019 09:01
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Who is the Liar?  Donald Trump?    ![]() ![]() Hyflux says no definitive deal reached with white knight Utico THU, AUG 29, 2019 - 8:03 AM HYFLUX on Wednesday night clarified that a definitive agreement had not been entered into with Utico, pending resolution on " certain final outstanding issues" in the draft definitive agreements. The embattled water firm was responding to media reports over a statement Utico, a United Arab Emirates utility firm, released on Tuesday stating that it had " signed and released" a restructuring agreement with Hyflux. " The company and Utico are however in highly advanced discussions and will continue to engage with each other with a view to resolving such final outstanding issues and finalising and entering into the definitive agreement as soon as possible," Hyflux added in its statement issued just before midnight.  In its statement on Tuesday, Utico said the restructuring deal " finds a resolution" for creditors and PNP investors and development projects that have been " languishing since the moratorium" in May 2018. It also added that " swift action" would be taken to bring all projects up to speed, as well as take on new projects, together with the support of Hyflux&rsquo s board and management. Any details of the agreement were not disclosed. When contacted by  The Business Times  at the time,  Hyflux said that an announcement would be made in a filing with the Singapore Exchange. But no announcement was forthcoming as at press time. Hyflux on Aug 16 said it would engage exclusively with Utico until Aug 26 as its negotiations were the most advanced among all potential investors. This date was also the deadline for Hyflux to enter a definitive agreement for Utico&rsquo s intended investment &ndash a S$300 million equity injection and a S$100 shareholder loan for 88 per cent of the water firm. https://www.businesstimes.com.sg/companies-markets/hyflux-says-no-definitive-deal-reached-with-white-knight-utico ![]()   |
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Berani
Elite |
29-Aug-2019 08:06
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lose 88% rather than lose 100% right?
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like2learn
Veteran |
28-Aug-2019 23:38
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https://links.sgx.com/1.0.0/corporate-announcements/CHZ5L5R3LI9KO2AC/9eb4c0dbc56b6620a74d1f3b989729b27de6e81db942b2038f0d7dab9f288596 Clarification The Articles reportthat Uticohad, in a statement released on 27 August 2019, said that it had " signed and released" a restructuring agreement with the Company on 26 August 2019which will giveit 88 per cent of the Company. The Company wishes to clarify that theDefinitive Agreementhas not been entered into by both parties, pending resolution on certain final outstanding issues in the draft Definitive Agreement............................ |
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Stephenchow
Veteran |
28-Aug-2019 21:54
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definitely less than $327 after dilution. 
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investshare
Supreme |
28-Aug-2019 21:17
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Your durian more expensive than theirs.
https://www.asiaone.com/malaysia/police-step-after-womans-complaint-about-paying-nearly-327-3-durians-penang-goes-viral
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Stephenchow
Veteran |
28-Aug-2019 21:00
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The Hyflux retail PNP shareholders could get $50 million, minimum, to $150 million, on the high side, depending on the options they choose Total:-  $900m issued, so will get back 50/900 to 150/900 or 5% to 16% of the original investment  |
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Stephenchow
Veteran |
28-Aug-2019 20:52
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Is true, after dilution price of my 10k shares now likely only enough to buy a few mao shan wang  durians    ![]()
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investshare
Supreme |
28-Aug-2019 06:41
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It depends on your purchase price.
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Know-Your-Stuff
Senior |
27-Aug-2019 23:42
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88% dilution for existing shareholders. Means every $1 get back 12 cents. Lose bug time man.
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TA_Expert
Supreme |
27-Aug-2019 14:05
Yells: "The World has changed" |
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Hyflux is not zero value now after Utico agreed to buy out the company. A good news to retail investors. | ||||
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helloisme
Veteran |
27-Aug-2019 09:11
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Saw this on internet : Utico said on Tuesday morning (Aug 27) that it  had " signed and released" a restructuring agreement with Hyflux on Monday which will give it 88 per cent of the debt-laden water treatment firm. |
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gravity8888
Supreme |
26-Aug-2019 22:55
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Today 26 Aug right. Nothing from hyflux? Aiyo just liquidate it ba since no longer own tuaspring | ||||
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Stephenchow
Veteran |
26-Aug-2019 22:41
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  money not enough
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