-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Regulators Refusing to Act - Hyflux & Noble Group's Decline
- Thread starter JustLikeThis
- Start date
around national day month, after that elections.
Tuasprings already absorbed for $0.00 .
yes, first impression that the author is talking about Tuaspring but Tuaspring got confiscated earlier, so i wonder what "Hyflux Assets" the author was refering to. I hope more of such articles will appear and get a GLC to absorb the whole Hyflux.
Just in, GIC going to inject another $1 billion to India's infrastructure after buying more of India Telco's shares.
https://www.dealstreetasia.com/stories/gic-india-road-assets-140357
SIAS increased their financial burden because they wanted to run research teams, sell awards, and find sponsors. Their main paymasters are listed companies.
Yes Utico is a small player, so they are just trying their luck to grab Hyflux with a subsidiary. It is like a hawker stall trying to own A&W. Everything to gain and nothing much to lose if they fail.
Sembcorp & Temasek bails out troubled Semb Marine
https://www.businesstimes.com.sg/co...-worth-of-bonds-to-extend-sembmarine-s2b-loan
SEMBCORP Industries (SCI) is providing Sembcorp Marine with a five-year subordinated loan of S$2 billion to help it retire S$1.5 billion of borrowings, it said on Friday. To fund the loan, SCI will issue S$1.5 billion in bonds through a private placement underwritten by DBS Bank. SCI will fork out the balance of S$500 million from its existing resources and facilities.
The SCI bonds will be issued by July 20 and carry a 3.55 per cent coupon with a five-year maturity. Temasek Holdings will be one of the investors in the bonds.
https://www.businesstimes.com.sg/co...-worth-of-bonds-to-extend-sembmarine-s2b-loan
SEMBCORP Industries (SCI) is providing Sembcorp Marine with a five-year subordinated loan of S$2 billion to help it retire S$1.5 billion of borrowings, it said on Friday. To fund the loan, SCI will issue S$1.5 billion in bonds through a private placement underwritten by DBS Bank. SCI will fork out the balance of S$500 million from its existing resources and facilities.
The SCI bonds will be issued by July 20 and carry a 3.55 per cent coupon with a five-year maturity. Temasek Holdings will be one of the investors in the bonds.
Means what? Means sembcorp no budget to save Hyflux right
Vote out PAP
why should SembCorp save hyflux ???... lidat.. how to answer to the shareholders in sembmarine
KPMG (Hyflux Auditor)
KMPG, one of the big four accounting firms, will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work https://www.ft.com/content/c6f028c2-910e-11e9-aea1-2b1d33ac3271
India is pushing for a five-year ban on KPMG over allegations the firms helped conceal bad loans at Infrastructure Leasing & Financial Services, a major infrastructure and finance group whose default last year triggered a credit crisis. https://www.ft.com/content/d6dfb3ce-8c54-11e9-a1c1-51bf8f989972
KMPG, one of the big four accounting firms, will pay $50 million to settle Securities and Exchange Commission allegations that it altered past audit work https://www.ft.com/content/c6f028c2-910e-11e9-aea1-2b1d33ac3271
India is pushing for a five-year ban on KPMG over allegations the firms helped conceal bad loans at Infrastructure Leasing & Financial Services, a major infrastructure and finance group whose default last year triggered a credit crisis. https://www.ft.com/content/d6dfb3ce-8c54-11e9-a1c1-51bf8f989972
I heard many hyflux bondholders will show up at Hong Lim Park this Saturday 5pm !
LOL, you are pink dot
nope . i don't poke backside or buy hyflux crap .
Sembcorp itself also a lot of problems lately, going the path like singpost's meltfown https://www.ibtimes.sg/singapores-sembcorp-defers-india-energy-ipo-inject-capital-31354
Hmmm.... Auntie Olivia has no money to manage Tuaspring, but somehow coughs out enough money to build a desalination plant in China.
Hyflux unit restructures $121.3m loan for desalination plant in China
https://www.straitstimes.com/busine...17m-yuan-loan-for-desalination-plant-in-china
Hyflux unit restructures $121.3m loan for desalination plant in China
https://www.straitstimes.com/busine...17m-yuan-loan-for-desalination-plant-in-china
Good morning, the chinese desalination plant was built earlier and had been put on sale for a few years. Hyflux had been trying to fetch a higher price because this was one of the gems in Hyflux.
The loan restructuring is is good for the Chinese bank (Bank of China). Hyflux restructured the loan by making the chinese bank a secured lender. If we assume Hyflux liquidates a few months later, the Chinese bank can take over the facility cheaply (at a fraction of the valuation and do like what PUB and Maybank did to Tuaspring). Therefore this is a bad piece of news for the unsecured bankers, MTN bondholders and PnPs because Hyflux will be more empty.
This announcement will also piss-off the three prospects that want to swallow Hyflux whole, namely Oyster Fund, Utico and the China State-owned Enterprise. This will force them to re-examine their proposal. Judging from this situation, the best outcomes for PnPs will be either:
- For a local GLC to absorb Hyflux into the holding company (because Hyflux wrote off more than 1.5billion in last FY) so that the NEA, PUB and Temasek's LNG business have less explanations to do for their cover-ups.
- For the the China State-owned Enterprise (SOE) to take over Hyflux because it is about planting china's footprints in their Belt Road Initiative and they are backed by the Chinese banks. The China desalination plant will less likely be snatched by Bank of China with a Change-of-Control to Chinese SOE.
Last edited:
Elections coming in Sept. Punish the wrongdoers and may a new government help us.
MAS just made $19.2 billion. https://www.channelnewsasia.com/new...gapore-net-profit-annual-report-2019-11666024
MAS just made $19.2 billion. https://www.channelnewsasia.com/new...gapore-net-profit-annual-report-2019-11666024
Similar threads
