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

[pvtpublic]

how come the thread not sticky anymore

 

[JustLikeThis]

how come the thread not sticky anymore

Hi, I discussed with one of our moderators. I think that we had imposed on this forum for a long time. Some member advocated doing harm to the regulators, I completely empathize the anger but sammyboy helped us a lot, I asked him to remove the threat so that we will not cause our forum to be blacklisted.

 

[JustLikeThis]

Hyflux destroyed 50000 Singapore investors.
China's Evergrande ruined 70000 China investors. At least the Chinese made themselves heard worldwide

Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors.
https://www.bloomberg.com/news/arti...-evergrande-scenario-is-an-uncontrolled-crash
https://www.economist.com/china/202...-china-besiege-an-indebted-property-developer
https://www.straitstimes.com/busine...-evergrande-scenario-is-an-uncontrolled-crash
https://www.straitstimes.com/busine...-hostage-as-worried-investors-demand-payments

 

[realDonaldTrump]

Hyflux destroyed 50000 Singapore investors.
China's Evergrande ruined 70000 China investors. At least the Chinese made themselves heard worldwide

Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors.
https://www.bloomberg.com/news/arti...-evergrande-scenario-is-an-uncontrolled-crash
https://www.economist.com/china/202...-china-besiege-an-indebted-property-developer
https://www.straitstimes.com/busine...-evergrande-scenario-is-an-uncontrolled-crash
https://www.straitstimes.com/busine...-hostage-as-worried-investors-demand-payments

The Chinese got balls.

 

[realDonaldTrump]

Brave people of China fighting for their rights.
Singapore useless

 

[Filloz]

Evergrande's protests worked, Beijing has intervened and help with their local bonds.
Beijing may have just found a brilliant solution to the Evergrande problem, effectively rescuing the company and averting a systemic crisis all at the same time:

• it will pay local bondholders and soft nationalize/bailout Evergrande,
• but will avoid allegations of backsliding on tightening/deleveraging promises and improving "common prosperity" by stuffing foreign creditor

The question is - will Beijing use this as a strawman to judge the impact of such a restructuring strategy? And what will be the impact on the foreign dollar bond market after this?
https://www.bloomberg.com/news/arti...-property-unit-to-repay-interest-on-yuan-bond

 

[Focus]

Ho Ching lost so much money overseas and until her last day in Temasek, also refused to save Hyflux mum-and-pop investors.

 

[Filloz]

Ho Ching lost so much money overseas and until her last day in Temasek, also refused to save Hyflux mum-and-pop investors.

A notesholder once mentioned that regulators were after New Creation Church for breach of trust too, but Ministry of Law deem them to be untouchable like Hyflux's management.

 

[Focus]

A notesholder once mentioned that regulators were after New Creation Church for breach of trust too, but Ministry of Law deem them to be untouchable like Hyflux's management.

Lost everything. Lost so many years of savings. All because of this scam and yet the government refused to bail us out.
Kill everyone of them, kill every pap dogs. Let them suffer like us.

 

[realDonaldTrump]

If this happened 3 years ago, we need not die for Singapore.

 

[realDonaldTrump]

Chinese authorities told billionaire Hui Ka Yan to use his personal wealth to alleviate China Evergrande Group’s deepening debt crisis. https://www.bloomberg.com/news/arti...ande-founder-to-pay-debt-with-personal-wealth

How about Simon Tay and Olivia Lum? Singapore government never went after these crooks.

 

[JustLikeThis]

Noble Group sees daylight

Under its restructuring plan, a group of holders of company bonds due in 2023, worth US$661 million in principal and interest, will exchange the tranche with new notes worth US$350 million and will also get at least a 97.5 per cent stake in a new holding company.

The plan also requires holders of bonds worth US$344 million and due in 2025 to exchange their notes for up to 2.5 per cent of the shares of the new holding company, with the right to acquire more, a company statement said.

https://www.straitstimes.com/busine...aches-agreement-with-creditors-to-reduce-debt

 

[realDonaldTrump]

Singapore prosecutors also damn efficient to give Hyflux's Board of Directors, Wong Partnership and Hyflux Auditors ample of time to transfer wealth away and whitewash evidences.

 

[Huatable]

Why Mdm Ho never share story of Hyflux victims who lost their entire life savings?
We also need help.

https://theindependent.sg/ho-ching-...ictim-family-lost-their-entire-lifes-savings/

 

[Revenger]

WILL HO JINX REFUND MY $7 TOTO SYSTEM 7 ?

 

[JustLikeThis]

When are they arresting Simon Tay?
https://www.straitstimes.com/busine...n-tay-quits-after-commenting-on-legal-adviser
Conflict of Interests and his Wong Partnership made millions out of the restructuring in an attempt to cover-up years of false accounting & wrongdoings by directors.

Five Raffles Education directors to be formally arrested, bail set at S$30,000 each
https://www.businesstimes.com.sg/co...-be-formally-arrested-bail-set-at-s30000-each

 

[JustLikeThis]

Latest: Lim Suat Wah offered to take full blame for Hyflux's failure.

CAD and MAS rather be deceived.

 

[JustLikeThis]

Daylight - MAS is concluding Noble Group probe by third quarter.
https://www.bloomberg.com/news/arti...o-conclude-noble-group-probe-by-third-quarter

 

[realDonaldTrump]

Anyone saw this piece of news? Olivia Lum is so white.
Banker and creditors can't touch her, it's like telling retail investors that they can forget about touching her.

Hyflux’s pre-emptive lawsuit against Olivia Lum is on hold​

https://www.businesstimes.com.sg/co...emptive-lawsuit-against-olivia-lum-is-on-hold

 

[realDonaldTrump]

Sports Hub is a another PPP failure, but because Sports Singapore is led by ex-army people, they spent another $2.3billion to bail it out.
https://www.channelnewsasia.com/sin...arable-government-payments-edwin-tong-2849521

On the other hand, instead of helping Hyflux's retail investors, government confiscated its assets.