• 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.

The next Lehmen Minibond Saga

Noble thinking of cheating again......seriously where are our regulators?
https://www.bloomberg.com/news/arti...workout-agreement-with-46-senior-debt-holders

Noble Group Ltd. told disgruntled investors it would file for administration in the U.K. if they block a revised restructuring plan that marginally sweetens the terms for its current shareholders from an original proposal in January. even if they don’t approve the new terms, Noble said it will complete the restructuring by selling all its assets to a new company in the U.K.

If shareholders do not approve the deal, it will be implemented “by moving the Group’s centre of main interests to the United Kingdom, seeking the appointment of an English Administrator to sell all of the assets of the Company to New Noble,” the company said in a presentation on Wednesday.
 
As Li Kah Shing exits Chinese and HK investments, CK Hutchison Holdings has been taking huge stakes in global utilities companies, telco and port facilities. In UK, CK Hutchison controls 1/4 of the their water supply and energy-from-waste generation.....sounds like Hyflux's portfolio.

Will CK Hutchison swallow Hyflux to control 1/4 of Singapore's water supply and TuasOne project (energy-from-waste)?
 
NOBLE Group shares plunged on Monday following its decision not to pay the principal and interest on a US$379 million bond due Tuesday - putting the company on course for its first note default.

The commodity trader made this announcement on Friday evening and also said that it will not be paying the coupon due on its 2020 notes that it had already missed. https://www.businesstimes.com.sg/st...r-decision-not-to-pay-us379m-bond-due-tuesday

The fucking management wants to hold everyone hostage to accept the restructuring or administration, which benefits the management now. Management refused liquidation which will open a can of worms to the Juridical Managers. No transparency.
 
Bloomberg- SINGAPORE: Singapore’s individual investors have been burnt by water treatment firm Hyflux Ltd.’s perpetual bonds, the worst-performing local currency retail note this year among 10 such securities listed on the city’s exchange.

Hyflux, founded by Singapore entrepreneur Olivia Lum, posted its first annual loss last year since listing in 2001.

The stumble follows expansion in recent years in the energy business, beyond its mainstay building desalination plants. Singapore’s wealthy investors, stung by a series of unprecedented defaults in the past two years, remain vulnerable amid rising interest rates. The nation’s local-currency bonds are set for the first quarterly loss since late 2016, according to a Bank of America Merrill Lynch index.

https://www.thestar.com.my/business...-bond-buyers-hit-by-worst-performer-in-hyflux
 
14 years ago, CAD raided China Aviation Oil's office.

U10P6T1D14619F8DT20041220195538.jpg
 
You don't call people who invest in Noble or Hyflux bonds speculators.
We cannot trust bonds in Singapore.
Our regulators are not doing their job!
 
The fall of a Malaysian Poster girl.

olivia-lum-hyflux.ashx

Poster girl Olivia Lim pays the price for diversifying into energy sector. (File pic shows Hyflux Ltd group chief executive officer (CEO) and president Olivia Lum Ooi Lin holding up a copy of the Executive Inc. magazine featuring herself on its cover during a visit back to her hometown Kampar)
https://www.thestar.com.my/business/business-news/2018/03/20/spores-hyflux-falls-from-grace

S’pore’s Hyflux falls from grace
PETALING JAYA: Singapore-listed Hyflux Ltd, a company owned by Malaysia-born Olivia Lum, is facing trouble following its diversification into the power-generation sector.

The company, whose mainstay is in the business of water treatment, is under scrutiny following the sharp fall in the prices of its two financial instruments, namely S$400mil (RM1.18bil) in preference shares and S$500mil (RM1.48bil) worth of perpetual securities.

According to a report by Bloomberg, Hyflux’s S$500mil perpetual securities carrying a 6% coupon yield were the worst-performing local currency retail note this year among 10 such securities listed on the city’s exchange.

She was named Ernst & Young World Entrepreneur 2011, making her the first woman to receive the honour. In June 2011, the value of Lum’s shares in Hyflux was worth S$500mil. Lum’s company had also won contracts to build Singapore’s first Newater plant and first desalination plant.

Yesterday, shares in Hyflux closed at 27.5 Singapore cents, giving it a market capitalisation of S$216mil. Lum owns 35% in Hyflux worth S$73.5mil.
 
After the failure to redeem on April 25, Hyflux will be in the same league as Noble, locking herself out of unsecured debt market.
Unless she has a new Master of stronger repute, she will be facing exponentially higher rates for her trade and credit facilities with financial institutions.
 


Why our regulators and CAD refuse to flag them? need to wait for Goldilocks
 
Noble says 'very difficult' for noteholders to wind it up; expects successful debt restructuring
https://www.businesstimes.com.sg/co...holders-to-wind-it-up-expects-successful-debt

Don't lie lah, wind up equates to exposing the management's con jobs.
Noteholders can get back 40-60% of their bonds' par value. Under the restructuring, they will get only 5 to 15% value back in shares of the reformed company.
Of course will sue to liquid Noble and send the management and auditors to jail.

if difficult to wind you up, why Elman needs to run road.
 
Hangover said:
The fall of a Malaysian Poster girl.


S’pore’s Hyflux falls from grace
PETALING JAYA: Singapore-listed Hyflux Ltd, a company owned by Malaysia-born Olivia Lum, is facing trouble following its diversification into the power-generation sector.

The company, whose mainstay is in the business of water treatment, is under scrutiny following the sharp fall in the prices of its two financial instruments, namely S$400mil (RM1.18bil) in preference shares and S$500mil (RM1.48bil) worth of perpetual securities.

According to a report by Bloomberg, Hyflux’s S$500mil perpetual securities carrying a 6% coupon yield were the worst-performing local currency retail note this year among 10 such securities listed on the city’s exchange.

She was named Ernst & Young World Entrepreneur 2011, making her the first woman to receive the honour. In June 2011, the value of Lum’s shares in Hyflux was worth S$500mil. Lum’s company had also won contracts to build Singapore’s first Newater plant and first desalination plant.

Yesterday, shares in Hyflux closed at 27.5 Singapore cents, giving it a market capitalisation of S$216mil. Lum owns 35% in Hyflux worth S$73.5mil.
Click to expand...

I can only recall a string of high-profile, spectacular women entrepreneur business failures after a short spurt of success at the beginning. The 1.99 boss, 21 jump street butch, hyflux. Can't think of any enduring successes, Being successful with daddy's/grand-daddy's money like christina ong, chew gek khim not counted. In this context, can see what a failure ho ching is, can even fail with a country's multiple billions of reserves.
 
Noble Group's Week From Hell Gets Worse as Huge Lawsuit Hits
Coal producer PT Atlas files claim for more than $260 million

PT Atlas’s case, which was registered in the Central Jakarta court on March 19, is against Noble Group Ltd., Chief Executive Officer William Randall, as well as Noble Resources International Pte, related to sales of PT Alhasanie, PT Borneo Minerals and PT Sumber Daya Kumala, the Indonesian company said in an exchange statement dated March 21. PT Alhasanie and PT Borneo Minerals are Atlas units, while PT Sumber Daya Kumala is no longer a unit, it said.

https://www.bloomberg.com/news/arti...-from-hell-gets-worse-as-another-lawsuit-hits
 
zeebjii said:
I can only recall a string of high-profile, spectacular women entrepreneur business failures after a short spurt of success at the beginning. The 1.99 boss, 21 jump street butch, hyflux. Can't think of any enduring successes, Being successful with daddy's/grand-daddy's money like christina ong, chew gek khim not counted. In this context, can see what a failure ho ching is, can even fail with a country's multiple billions of reserves.
Click to expand...

The best local women in the business world work for AMDK companies such as HP, Microsoft, J&J and banks.
 
You must log in or register to reply here.

Similar threads

Hightech88
What happened to this PCB JiuhuSai Bu Olivia Lum now?
Replies
1
Views
257
Pinkieslut
P
Chase
SIX YEARS INTO HYFLUX's COLLAPSE: Where did the “missing” $3 Billion go? Some investigations drag out for years and such mysteries never get solved.
Replies
0
Views
642
Chase
Chase
disconsolate
More and more GCBs acquired by naturised citizens from China India and Indonesia
Replies
10
Views
463
birdie69
B
P
Chitchat Tiongs Rushing to Sell Overseas Properties! Samsters Got Cheong?
Replies
16
Views
2K
syed putra
syed putra
P
Serious Corrupt Vietbu MILF laundered billions in Sinkieland, got connections to Capitaland!
2
Replies
33
Views
3K
k1976
k1976
Back
Top