You are bloomberg reporter?
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Regulators Refusing to Act - Hyflux & Noble Group's Decline
- Thread starter JustLikeThis
- Start date
You are bloomberg reporter?
We have been rough-handed since SMI. When I read Utico's press release. These words come into my mind, "Who are they trying to fool?". The maths don't add up and there is no mention of repayment guarantee or time-frame.
It is proven that the Hyflux management is very fearful of JM. They are trying to strain us so that those represented by lawyers will exhausted. i bet SIAS and Hyflux will tell us that we will get nothing again, if we don't accept Utico's offer because time is running out.
It is about brinkmanship. See who brinks first.
It is proven that the Hyflux management is very fearful of JM. They are trying to strain us so that those represented by lawyers will exhausted. i bet SIAS and Hyflux will tell us that we will get nothing again, if we don't accept Utico's offer because time is running out.
It is about brinkmanship. See who brinks first.
https://www.reuters.com/article/us-...osition-party-in-election-twist-idUSKCN1UO04R
“Today’s PAP is no longer the PAP of my father. It has lost its way.”
“Today’s PAP is no longer the PAP of my father. It has lost its way.”
from local company or china?
Give me some privacy but I just don't want the announcement to see you false hopes.
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I completely agree with you after attending the SIAS's briefing. He lied about perps and pref attendees being supportive.
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Hyflux did open up a can of worms about Singapore's policy failures
not least a couple of "know-it-alls" constantly sprouting their dubious wisdom
Give me some privacy but I did tell you the announcement was just another disappointment.
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Both. There is a local state-owned entity that is non mentioned in Aug-2 Court Documents. At least we know that according to the censored court documents earlier this week, the Chinese are still in the game. Just that Hyflux withheld the information and not release the details of the offer.
In many situations, Hyflux requests some suitors NOT TO DISCLOSE their offers to public so that Directors can choose whoever, favors their cover-ups. The judge is either blind or biased. The indian lady lawyer who represented Hyflux this week was his friend's daughter.
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Yes, Utico lied about the massive support from unsecured creditors. Looks like only DBS is supportive (openly) because DBS sold the new perpetuals to retail investors to bailout their private banking who bought earlier $175m 4.8% perpetuals in July 2016 and $300m 5.75% perpetuals in Jan 2017 and Bear in mind, DBS got many staff promoted over the years because of Hyflux's bloom.
The 6% retail perpetual bonds that defaulted was issued to the public in May 2016.
https://www.businesstimes.com.sg/co...-hyflux-up-to-aug-16-to-ink-a-definitive-deal
So far, only Hyflux's unsecured working group (UWG) of financial creditors - namely BNP Paribas, Mizuho Bank, KFW IPEX-Bank, Bangkok Bank, Standard Chartered Bank and CTBC Bank - have not agreed with the commercial terms of the restructuring, though other lenders like DBS Bank are supportive.
I bought my bonds from DBS too.
Feeling sour about National Day when I think of Hyflux
and hinting us today that Tuas-One will suffer the same confiscation fate as Tuaspring desalination plant?
Hyflux’s waste-to-energy project in Tuas ‘closely’ monitored by NEA
https://www.channelnewsasia.com/new...project-in-tuas-closely-monitored-by-11789214
Give the NEA staff some NDP award medals and fat bonus if they can swallow both TuasOne and Tuaspring Desalination plant for free.
and hinting us today that Tuas-One will suffer the same confiscation fate as Tuaspring desalination plant?
Hyflux’s waste-to-energy project in Tuas ‘closely’ monitored by NEA
https://www.channelnewsasia.com/new...project-in-tuas-closely-monitored-by-11789214
Give the NEA staff some NDP award medals and fat bonus if they can swallow both TuasOne and Tuaspring Desalination plant for free.
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Utico is quite broke. They are reluctant to provide financial information to show that they have the funds to fulfill their 1/2 price side-offer.
In view of the current investment proposal by Utico deferring approximately half of the amount to be allocated to senior unsecured lenders for a compromise of their liabilities, the senior unsecured lenders of the Hyflux Group have sought confirmation of Utico’s credit-worthiness. I have been advised and verily believe that as a matter of general corporate practice, it is not uncommon for the investee company to only insist on investors providing proof of funds after the terms of the agreement have been in principle agreed 5 upon. In any event, Utico has indicated in no unclear terms that it is willing to provide “know-your-client” information on Utico to the senior unsecured bank lenders of the Hyflux Group, and also provide proof of funds upon reaching in-principle agreement on the investment proposal.
https://www.businesstimes.com.sg/companies-markets/half-price-side-offer-to-unsecured-lenders-lum
Feeling sour about National Day when I think of Hyflux
and hinting us today that Tuas-One will suffer the same confiscation fate as Tuaspring desalination plant?
Hyflux’s waste-to-energy project in Tuas ‘closely’ monitored by NEA
https://www.channelnewsasia.com/new...project-in-tuas-closely-monitored-by-11789214
Give the NEA staff some NDP award medals and fat bonus if they can swallow both TuasOne and Tuaspring Desalination plant for free.
Get Hyflux investors to do the NDP marching this year!
NOW IS NATIONAL DAY. FEEL SO SAD TO SEE THIS TYPE OF NEWS. Release this type of news to hint that TuasOne will be next to be confiscated?
Hyflux is so loyal to Singapore, investors believed in the importance of water to Singapore. GOOD FOR NOTHING CIVIL SERVANTS JUST THINK OF SWALLOWING MORE HYFLUX ASSETS FOR THEIR KPI?
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