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Hyflux
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gametheory99
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05-Apr-2019 10:23
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Learn how to type in proper english first lol
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joker123
Senior |
05-Apr-2019 10:18
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When i was doing a lots of Road show, a lots of these retirees acts like they are GURU and telling me how GOOD they are to put all their money in these Bond to get more yield. AND NOW ? SO Please do your own Risk assessment. OLIVA LUM DONT Own you all a living. She operates the business to make sure she also can earn. WHY SHE NEEDS TO THINK OF YOUR INTEREST. if the bond yield is only 1%, do you think anyboby will buy. WAKE UP LA. CRY BABYS and GROW UP
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joker123
Senior |
05-Apr-2019 10:14
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ALL Hyflux Bond holders stop crying and ACT like babies when you also are the accomplice 1) Why are u buying the bonds , isn' t it because of your own Greed. so you all collect the money and now when company goes burst, you all crying foul. HAHA 2) Who has never lose money ? ? BE A MAN and own up that you have to be blame because of your own GREED 3) Why do you all expect oliva LUM to use her money to bail out HYFLUX. As a business owner, she also has to take care of her own interest. 4) I Support investigation but i also support MAS to be transparent, if there is no wrong doing but purely due to business failure, Let everyone LEARN THERE IS NO FREE LUNCH IN THIS WORLD. Why is it that these people choose no to put saving in insurance or FD .. They know the answer. BE TRUTHFUL before pointing finger. And DONT INVEST IF YOU CANNOT AFFORD TO LOSE and being called a SORE LOSER
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joker123
Senior |
05-Apr-2019 10:05
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Most important, was the financial report made up or was it a genuine busines failure. 1) We cannot penalise all business owner for investor losses if due to real business failure 2) Hyflux offera 6% bond which is happily take up by everyone when every TOM DICK HARRY Knows the higher the yield , the bigger the risk. 3) Look a lehman brother, i really find puzzled when hyflux offers such high yield after the Leman SAGA, people still use the same old execuse to recover the losses 4) Why NOT ALL BONDHOLDER GIVE BACK THE 6% COUPON and byflux can use this to make repayment to MAY Bank and survive.
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Leehonghng
Member |
05-Apr-2019 09:56
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The CEO being called by CAD for a cup of good free coffee last week. Cheers and good luck!
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prophetjul
Master |
05-Apr-2019 09:55
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Is this not criminal? Knowing you cannot pay but buying any way.
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joker123
Senior |
05-Apr-2019 09:50
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Greed, SM is laughing, their goal is to take over for free . SIAS no need negotiate, All get big FAT $0
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bicycle
Member |
05-Apr-2019 09:45
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According to BT report, the 2016 retailers bond was used to retired earlier institutions bonds. Now, you have to asked why OL was doing that (paying 6% to retired 4.8% & 5.75%) when she need not retired the earlier bonds, its perp anyway. She could just paid interests then. It shows Hylfux was having difficulty raising cash from banks, cant sell more bonds to institutions, and affected by negative cash flow. She must know the company was running on thin ice in 2016 and yet she went ahead to raise retailer' s bonds. DBS' s DD is questionable as well. She took a huge gamble, DBS happy to earn comm. |
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prophetjul
Master |
05-Apr-2019 09:28
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AS i understand from the edge magazine, the accounting standards which allowed Pep bonds to be stated as equity was papering up the debt cracks. Very difficult to spot. Is this true? You have to feel for those affected, especially those individuals who invested in the bonds. |
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runaway
Senior |
05-Apr-2019 07:44
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IPO: 17/1/01 $0.32 Peak: 2005 $2.40 Lessons learned: Never follow the BB, Temasek included. They can afford to lose millions, you cant. Nothing goes up forever, take profit when your target is reached. Greed kills, 6% interest was the reason this time. 冰 冻 三 尺 ， 非 一 日 之 寒 。 From peak to $0.20, you had a good 13 years to observe, monitor and run. |
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Goldfinger
Supreme |
05-Apr-2019 07:03
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Frankly Olivia and gang are disgusting to just cancel the meeting. Some may not realise and still show up. | ||||
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ysh2006
Supreme |
05-Apr-2019 05:42
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Follow DMX footsteps but it had a meeting in Amara hotel to let investors aired their view before con them sold assets....
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Starship
Supreme |
04-Apr-2019 23:40
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A very shameful world' s first and only case of a ship sinking in it' s self-created unsinkable bathtub.................................  Hyflux survival in doubt as investor deal collapses Bloomberg 04/04/19, 03:20 pm SINGAPORE (Apr 4): Water treatment company Hyflux said on Thursday that a lifeline deal with its prospective Indonesian investor had been terminated, throwing the beleaguered Singaporean firm' s debt restructuring plans into doubt. Hyflux said in a statement that a deal with SM Investments, a consortium of Indonesia' s Salim Group and Medco Group, had been called off after it failed to confirm its investment ahead of crunch talks with creditors. But, in a separate statement, SM Investments said it was " surprised" by Hyflux' s action. In October 2018, SM Investments had agreed to acquire 60% of Hyflux for $400 million and give it a loan of $130 million. Hyflux said it would continue to " relentlessly" pursue all other viable strategic opportunities as part of its court-supervised reorganisation process. On Thursday, it also cancelled meetings scheduled for April 5 and 8 with creditors who were due to vote on its restructuring proposals. Tensions between Hyflux and SM Investments have flared over the last few weeks for reasons including a disagreement over the proposed allocation of money to repay creditors. SM Investments had previously also warned Hyflux that it could walk away from the deal if the company does not fix defaults that could allow its Tuaspring desalination plant to be taken over by Singapore' s public water agency. &rdquo The probability of a liquidation is significantly heightened if the investor pulls out," Ezien Hoo, a credit analyst at OCBC Bank, had said earlier this week. Hyflux started a process to restructure its debt last year, which stood at about S$1.67 billion at the end of September. Hyflux' s Tuaspring plant is the largest of three desalination plants in Singapore and an important water source for the city-state. PUB, Singapore' s water agency, has warned Hyflux that it may take over the plant if the company does not fix its contractual defaults by April 30, 2019. Hyflux said on Thursday said it could potentially be able to access a wider pool of investors without the Tuaspring desalination plant, which needs PUB' s approval for any change in control. However, it added that " there can be no assurance that the company will be successful in securing a new investor or in finding a viable alternative to execute the restructuring." https://www.theedgesingapore.com/?q=hyflux-survival-doubt-investor-deal-collapses  |
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guards80
Supreme |
04-Apr-2019 23:02
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Hyflux: Other Scheme of Arrangement :: ANNOUNCEMENT ON STATEMENTS MADE BY SM INVESTMENTS PTE LTD CONCERNING TERMINATION OF THE RAhttp://repository.shareinvestor.com/rpt_view.pl/id/780743.1/type/sgxnet/original_filename/1 |
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Stephenchow
Veteran |
04-Apr-2019 20:40
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Looking at the plight of stock/bond/prep holders, creditors, Malaysian bank and the frustration, anguish of the deep pocket Indo, don' t think anyone with a right mind will dare to come in to rescue. Dream on The hole is too big and too deep for anyone or any draredevil to step in  Still, Hyflux sought to reassure stakeholders on Thursday, promising to " relentlessly pursue all other viable strategic opportunities" as part of the court-supervised restructuring. " The company intends to work closely with the key creditor groups and relevant stakeholders to find mutually acceptable bases to enable the company to pursue such alternative opportunities," Hyflux said. Recent actions by national water agency PUB also put it in a better position to find a new white knight, Hyflux said on Thursday. Potential investors who would have preferred to invest in Hyflux but not the water plant might therefore be drawn back to the table, Hyflux suggested: " (This) development could potentially enable the company to reach out to a wider pool of investors which may not otherwise have been interested in an investment in the group had this asset remained within the group and for which PUB' s approval for a change in control of such asset will be required." |
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Stephenchow
Veteran |
04-Apr-2019 20:33
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April 5 is Tomorrow  Last month, PUB said that if Hyflux subsidiary Tuaspring Pte Ltd (TPL) is unable to cure its defaults by April 30, resulting in a termination of the Water Purchase Agreement, PUB will acquire the loss-making Tuaspring desalination plant for zero dollars, and without seeking compensation from TPL. PUB had given TPL until April 30 to cure its defaults, but the termination of the Salim-Medco deal means that TPL' s deadline to cure its defaults will be pushed forward to April 5 (Friday). Since Hyflux has no money to help TPL cure its defaults by Friday, PUB is expected to take back the water plant. |
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enjoylife77
Veteran |
04-Apr-2019 19:01
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It is unfortunate that Hyflux is a CPF-trustee stock. More got stuck inside. | ||||
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Goldfinger
Supreme |
04-Apr-2019 18:26
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Somehow the Board and CEO should be held to account for all this happenings... what a mess!! | ||||
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Stocky901
Supreme |
04-Apr-2019 18:24
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Meaning retail investors will get back zero cent instead of 10 %?
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Bkng595
Member |
04-Apr-2019 17:29
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Coy terminates the rescue, not smi. I guess must refund $38m deposit...its DIEDED 🥵 🥵 🥵 | ||||
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