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Hyflux 6% Perpetual Securities

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Old 11-08-2019, 08:51 PM   #3736
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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.
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Old 12-08-2019, 11:30 AM   #3737
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Whenever I read the Hyflux tg gc messages, 'Me Against the World' plays in my mind.
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...
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Old 15-08-2019, 01:54 PM   #3738
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Hyflux is leaking value

https://www.channelnewsasia.com/news...ck-an-11809058
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Old 16-08-2019, 10:25 PM   #3739
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Exclusive with Utico from now till 26Aug

https://links.sgx.com/FileOpen/20190...&FileID=575056
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Old 27-08-2019, 08:32 AM   #3740
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Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/com...nt-with-hyflux
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Old 27-08-2019, 09:30 AM   #3741
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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.
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Old 27-08-2019, 10:13 AM   #3742
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Waiting for Maxxxxxx to 'comment' & 'review'.
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Old 27-08-2019, 11:48 AM   #3743
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Congrats so those pep securities pple can get back their capital liao?
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Old 27-08-2019, 03:33 PM   #3744
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Congrats so those pep securities pple can get back their capital liao?
did they get their $$ back?
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Old 27-08-2019, 04:19 PM   #3745
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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."
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Old 27-08-2019, 09:51 PM   #3746
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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.
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Old 28-08-2019, 09:07 AM   #3747
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Wonder whether I will ever get to vote on anything.
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Old 28-08-2019, 10:15 AM   #3748
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swee lah. when can we redeem our bonds?
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Old 28-08-2019, 10:26 AM   #3749
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More than 24 hours since news broke, Hyflux had been quiet...

Utico says has inked restructuring agreement with Hyflux

https://www.businesstimes.com.sg/com...nt-with-hyflux
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Old 28-08-2019, 01:30 PM   #3750
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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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