Regulators Refusing to Act - Hyflux & Noble Group's Decline

[Kee Chew]

 

[Revenger]

O$P$ !
LIQUIDATE WHATEVER IS LEFT IN HYFLUX AND PAY THE CREDITORS !
THEY OWE $MILLIONS TO REIT LANDLORD IN RENTAL , IT'S AFFECTING MY DIVIDENDS !

 

[frontier]

Hi all,

This is positive news
Hyflux and its directors, including Olivia Lum, under criminal investigation for corporate governance breaches
Read more at https://www.straitstimes.com/busine...directors-including-olivia-lum-under-criminal


I would like to share some thoughts.

The article stated that "The time needed to complete the investigation depends on several factors, including the complexity of the issues and number of subjects involved, and the agencies will provide an update when there is an outcome to the investigation, they noted."Is it a wayang before GE? After GE, will we be left high and dry? i reserve my judgement. But for a criminal fraud at such level, I hope we can justify a state bailout. There are many ways for the government to help, which we discussed here in the past.

Simon Tay is indeed a very white horse. He has the most serious conflict of interests but the article did not mention that charges were pressed on him.

Let's hope we really get a bailout like SIA or Olam.

I fear that this is just an election trick. After elections, we still don't get anything.

Can save PIL boss why cannot save so many Singaporeans?

 

[krafty]

what are corporate governance breaches??!!

 

[frontier]

what are corporate governance breaches??!!

Means things like no transparency, no due diligence and manipulation of balance sheet

 

[Byebye Penis]

I fear that this is just an election trick. After elections, we still don't get anything.

Can save PIL boss why cannot save so many Singaporeans?

Just need a few percent of what they injected into SIA, yet government prefers to confiscate Tuaspring and ruin the savings of so many Singaporeans. Even analysts said Tuaspring is a steal for YTL.

 

[JustLikeThis]

上梁不正下梁歪

Malaysian HR manager in Hyflux subsidiary charged with corruption
https://www.straitstimes.com/singapore/hr-manager-in-hyflux-subsidiary-charged-with-corruption

 

[batman1]

Eventually,the directors will face the music.

 

[krafty]

few lessons that i can learn from this episode is running a big company in s'pore is no easy feat in these days. You are better off working your butt for someone than dabbling in business. another case, Hin Leong is so rich and yet ended with bankruptcy.

 

[hofmann]

few lessons that i can learn from this episode is running a big company in s'pore is no easy feat in these days. You are better off working your butt for someone than dabbling in business. another case, Hin Leong is so rich and yet encounter bankruptcy ending.

If it were easy everyone would be doing it. Everyone does the easy thing by being employees.

(We choose to do things) "not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win" -JFK

 

[A Singaporean]

Singapore is collapsing. Hooray.

 

[krafty]

in life, being at peace is a blessing. besides, doing business in s'pore these days are different from the fifties and sixties when s'pore was still developing. if hin leong's case took place in the past rather than now, he and his family will not need go thru such ordeal. too many legal complications these days. to add-on, many scam start-up companies in silicon valley which is not worth what they are in nasdaq. all in all, you are better working for others rather than on your own, it's not easy too these days, sometimes, you have to endure heartache from being retrenched but it is still safer than ending up with the wrong side of the law for overlooking certain company matter.

If it were easy everyone would be doing it. Everyone does the easy thing by being employees.

(We choose to do things) "not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win" -JFK

 

[hofmann]

in life, being at peace is a blessing. besides, doing business in s'pore these days are different from the fifties and sixties when s'pore was still developing. if hin leong's case took place in the past rather than now, he and his family will not need go thru such ordeal. too many legal complications these days. to add-on, many scam start-up companies in silicon valley which is not worth what they are in nasdaq. all in all, you are better working for others rather than on your own, it's not easy too these days, sometimes, you have to endure heartache from being retrenched but it is still safer than ending up with the wrong side of the law for overlooking certain company matter.

If everyone were at peace, we wouldn't have smart phones, electric cars and rockets to Mars.

Peace for some then. But not all. If not we'll be sitting in caves/pigeon holes all day waiting for the end.

 

[krafty]

If everyone were at peace, we wouldn't have smart phones, electric cars and rockets to Mars.

Peace for some then. But not all. If not we'll be sitting in caves/pigeon holes all day waiting for the end.

yes, risk-takers, we should leave it to the chinks in the new century. sinkies should just work for investments from foreign MNCs.

 

[Filloz]

Seriously, no money but want a piece of the action

Middle East investor Utico says it ‘remains committed’ to rescue deal despite Hyflux criminal probe
https://www.channelnewsasia.com/new...-rescue-deal-criminal-investigations-12799378

 

[Byebye Penis]

KPMG investigated for faking assets value on balance sheet - https://www.businesstimes.com.sg/companies-markets/acra-says-it-is-inspecting-kpmgs-audit-of-hyflux

 

[Focus]

Seriously, no money but want a piece of the action

Middle East investor Utico says it ‘remains committed’ to rescue deal despite Hyflux criminal probe
https://www.channelnewsasia.com/new...-rescue-deal-criminal-investigations-12799378

The same for Aqua Munda. Already call more minimum 85% discount and now even want lower prices. No money, just say no money. See:

Aqua Munda to re-price Hyflux's unsecured debt


https://sbr.com.sg/utilities/news/aqua-munda-re-price-hyfluxs-unsecured-debt

 

[Focus]

If we can get an opposition victory, I guarantee that we will get help from government.

 

[Revenger]

If we can get an opposition victory, I guarantee that we will get help from government.

then only Hougang SMC can help you , Aljunied GRC is 99% gone case.

 

[rotiprata]

I fear that this is just an election trick. After elections, we still don't get anything....

a 12yo oso knows tis sort of cheap trick...