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Hyflux 6% Perpetual Securities

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Old 03-05-2019, 12:22 AM   #3346
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A new copy paste format is born.
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Old 03-05-2019, 07:00 AM   #3347
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Haha nice pic
This person spouted this kind of thing...



PUB and EMA at fault...



Come be a sniper...

And a bonus picture...

MikeDirnt78 likes this.
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Old 03-05-2019, 07:06 AM   #3348
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Are you the sgdividends.blogspot?

If so, why are you blaming all the different agencies? Wouldn’t it reflect better if you were to analyze what went wrong with buying Hyflux and share it on your blog as a learning point? For example, some forummers have pointed out that there was negative cash flow for a substantial period etc

I mean ppl aren’t gonna trust your stock selection anymore and blaming the gov doesn’t bring the trust back

Haha nice pic
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Old 03-05-2019, 09:26 AM   #3349
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Are you the sgdividends.blogspot?

If so, why are you blaming all the different agencies? Wouldn’t it reflect better if you were to analyze what went wrong with buying Hyflux and share it on your blog as a learning point? For example, some forummers have pointed out that there was negative cash flow for a substantial period etc

I mean ppl aren’t gonna trust your stock selection anymore and blaming the gov doesn’t bring the trust back
Reflecting and analyzing can get back 100% recovery plus accumulated interest? He asked people to sign up the petition in this thread with the main point being, "If the actions of EMA had been unwise and had caused severe losses to Hyflux, should the government compensate Hyflux and its investors for these losses?"...

https://www.change.org/p/halimah-yac...ombo_share_abi

For the president to start a commission of Inquiry into why Hyflux ended up into this state and also for MAS to clarity their investigation .

For accountability.
Above posted in this thread here...https://forums.hardwarezone.com.sg/s...72221-204.html

I would say this again, if they really want to seek justice and not 100% capital recovery plus accumulated interest, the general public would support the cause...Once you start demanding for 100% recovery, all support is gone...
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Old 03-05-2019, 09:30 AM   #3350
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Oh yes, I just thought it would be good to hear from the man himself.

Reflecting and analyzing can get back 100% recovery plus accumulated interest? He asked people to sign up the petition in this thread with the main point being, "If the actions of EMA had been unwise and had caused severe losses to Hyflux, should the government compensate Hyflux and its investors for these losses?"...



Above posted in this thread here...https://forums.hardwarezone.com.sg/s...72221-204.html

I would say this again, if they really want to seek justice and not 100% capital recovery plus accumulated interest, the general public would support the cause...Once you start demanding for 100% recovery, all support is gone...
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Old 03-05-2019, 11:42 AM   #3351
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This type got case meh? Isn't it supposed to be due diligence on the part of the company when they did the bidding of the project? Even if EMA projections are not accurate, it is still just a projection.
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Old 04-05-2019, 05:47 AM   #3352
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UAE white knight named.

http://investors.hyflux.com/newsroom...AJVV0L5T.1.pdf
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Old 04-05-2019, 06:59 AM   #3353
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Sorry to say this but even if they dun demand recovery, i wun support their "justice".
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Old 04-05-2019, 10:12 AM   #3354
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Non binding offer as usual
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Old 04-05-2019, 10:31 AM   #3355
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isit another saga like noble ~~
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Old 04-05-2019, 11:05 AM   #3356
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I'm surprise any company out there still wanna work with Hyflux after what they did to SMC.
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Old 04-05-2019, 11:11 AM   #3357
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7 may the banks will seek Judicial management to oust Olivia .

Wondering about the 3 may announcement , where the statement : retain current management by new investor.

Olivia is really trying ways and means to hang on to her throne..wonder is there are any skeletons in the closet ?
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Old 04-05-2019, 02:00 PM   #3358
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Strange, only DBS is supporting Hyflux with their extension ..wondering why?

Exciting times ahead..
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Old 04-05-2019, 02:16 PM   #3359
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Haha nice pic
All the banks need to quickly stake their claim. Otherwise nothing left.
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Old 04-05-2019, 10:07 PM   #3360
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UAE white knight named.

http://investors.hyflux.com/newsroom...AJVV0L5T.1.pdf
https://www.channelnewsasia.com/news...llion-11502110

Hyflux reveals UAE utility firm Utico as investor behind potential S$400m injection
Updated: 04 May 2019 06:14PM

SINGAPORE: Hyflux late on Friday (May 3) revealed United Arab Emirates utility company Utico FZC as the new white knight that could give it a potential S$400 million lifeline.

Last week, the embattled water treatment firm said it had received a non-binding letter of intent from a Middle Eastern water and power utilities developer-owner with a “reputable track record”. The funds, it had said, would be used for equity and working capital purposes, as well as possible urgent interim funding.

In the late-night announcement on Friday, Hyflux described Utico as the largest private full-service utility and developer in the Middle East that counts sovereign institutions from Oman, Saudi Arabia, Bahrain and Brunei as its shareholders and investors.

Hyflux said the investor “is aware of the urgency of the restructuring” and intends to invest “on a win-win basis”.

Utico plans to keep Hyflux’s key entities “intact and operational”, retain the group’s current management and reach “an amicable deal” with creditors and investors, according to the announcement.

Hyflux said its legal and financial advisors are “currently engaged in active discussions” with Utico to work out a binding term sheet for the potential investment.

Meanwhile, it remains in “concurrent discussions with several other parties” that are interested in investing its business, the company added.

This marks the latest development in Hyflux’s high-profile debt restructuring, which started last May and has since been marked by unexpected twists and turns, such as the termination of a key rescue deal last month.

The U-turn in the deal with Indonesian consortium SM Investments, coupled with national water agency PUB saying that it will take over Hyflux’s Tuaspring desalination plant, left the company hanging by a thread with analysts raising the odds of a liquidation.

Last week, the home-grown company managed to convince the court to grant it another moratorium extension and Hyflux now has until May 24 to sort out its woes.

Source: CNA/sk(aj)
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