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-   -   Hyflux 6% Perpetual Securities (https://forums.hardwarezone.com.sg/stocks-shares-indices-92/hyflux-6%25-perpetual-securities-5372221.html)

lowzeewee 11-08-2019 08:51 PM

Quote:

Originally Posted by makav31i (Post 122180122)
How to take off? In the first place they keep telling people that "there could be rich investors who are willing to take a cut from any recovery" or "The risk is 0 for these. The reward is recovery"...Which rich idiot is going to finance any legal action on the behalf of 34k retail investors and assume all liabilities if the cost is awarded to them? Also which rich idiot think that Hyflux have the money to pay out to them even if the court were to rule in their favor...

You are right about the username...

Whenever I read the Hyflux tg gc messages, 'Me Against the World' plays in my mind. :s13:

makav31i 12-08-2019 11:30 AM

Quote:

Originally Posted by lowzeewee (Post 122190546)
Whenever I read the Hyflux tg gc messages, 'Me Against the World' plays in my mind. :s13:

The GC really a good source of entertainment...You can see how some people cannot be saved at all...

I see people arguing that why PUB did not inform the public of defaults in Tuaspring since 2017 like it would help them in making a decision on the Perps issued in 2016...Not like PUB informing the public in 2017 will allow them to travel back in time to not subscribe the perps in 2016...

They are desperately trying to find fault on someone else to blame...

While I think the most appropriate song title would be "They don't give a F about us" but I don't think that is appropriate at all for people looking for someone to blame...

tmkedmw 15-08-2019 01:54 PM

Hyflux is leaking value

https://www.channelnewsasia.com/news...ck-an-11809058

tmkedmw 16-08-2019 10:25 PM

Exclusive with Utico from now till 26Aug

https://links.sgx.com/FileOpen/20190...&FileID=575056

tmkedmw 27-08-2019 08:32 AM

Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/com...nt-with-hyflux

kehyi4 27-08-2019 09:30 AM

Quote:

Originally Posted by tmkedmw (Post 122454051)
Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/com...nt-with-hyflux

Utico says has inked restructuring agreement with Hyflux
TUE, AUG 27, 2019 - 8:21 AM

UTICO said on Tuesday morning that it had "signed and released" a restructuring agreement with Hyflux on Monday which will give it 88 per cent of the debt-laden water treatment firm.

"The deal finds a resolution for creditors and PNP investors and development projects that have been languishing since the moratorium in May 2018," the Middle Eastern utility firm said in a statement hours after midnight.

Utico added that with the support of Hyflux’s board and management, "swift action" will be taken to bring all projects up to speed, as well as take on new projects.

Hyflux was not available for comment at the time of writing.

The troubled water firm on Aug 16 said it would engage exclusively with white knight Utico until Aug 26 as its negotiations were the most advanced among all potential investors. This was also the deadline for the company to enter a definitive agreement with Utico for the latter’s intended investment in the group.

Utico had earlier agreed to take an 88 per cent stake in Hyflux through a S$300 million equity injection and a S$100 million shareholder loan, and is engaging with Hyflux's creditors to work out the details of the rescue plan.

Merg91 27-08-2019 10:13 AM

Waiting for Maxxxxxx to 'comment' & 'review'.

Carnesir 27-08-2019 11:48 AM

Congrats so those pep securities pple can get back their capital liao?

Tan Gee Ming 27-08-2019 03:33 PM

Quote:

Originally Posted by Carnesir (Post 122457324)
Congrats so those pep securities pple can get back their capital liao?

did they get their $$ back?

Tan Gee Ming 27-08-2019 04:19 PM

i was reading

https://sbr.com.sg/markets-investing...uld-reach-535m

"Utico is also looking to address the concerns of the Hyflux PNP shareholders by offering cash equivalent of a 4% stake in the group along with additional cash payouts. PNP shareholders could have 50% of its first $2,000-$3,000."

MikeDirnt78 27-08-2019 09:51 PM

Quote:

Originally Posted by Tan Gee Ming (Post 122461634)
i was reading

https://sbr.com.sg/markets-investing...uld-reach-535m

"Utico is also looking to address the concerns of the Hyflux PNP shareholders by offering cash equivalent of a 4% stake in the group along with additional cash payouts. PNP shareholders could have 50% of its first $2,000-$3,000."

The smaller PNP shareholders can recover more capital.

The bigger PNP shareholders will definitely take a bigger haircut.

lowzeewee 28-08-2019 09:07 AM

Wonder whether I will ever get to vote on anything.

batdow 28-08-2019 10:15 AM

swee lah. when can we redeem our bonds?

tmkedmw 28-08-2019 10:26 AM

More than 24 hours since news broke, Hyflux had been quiet...

Quote:

Originally Posted by tmkedmw (Post 122454051)
Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/com...nt-with-hyflux


Tan Gee Ming 28-08-2019 01:30 PM

Quote:

Originally Posted by lowzeewee (Post 122471930)
Wonder whether I will ever get to vote on anything.

hyflux is a private company, what do u want to vote on?


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