Back

Latest Forum Topics / Hyflux    Last:0.21 --

Post Reply

Hyflux Post Reply Rate topic
danger Supreme	27-Nov-2019 07:17        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Think she ever said about contributing all her shares to restructuring before
Useful To Me  Not Useful To Me
tchoonw Master	27-Nov-2019 07:14        tchoonw About Contact  Quote this Post!
x 0   x 0  Alert Admin	How about benefits? Did she forgo as well? danger      ( Date: 27-Nov-2019 06:41) Posted: Ms Lum also said that she would draw a salary of $1 a year until Hyflux is successfully restructured Another steve jobs in the making..to turn around Apple inc : )
Useful To Me  Not Useful To Me
danger Supreme	27-Nov-2019 06:41        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Ms Lum also said that she would draw a salary of $1 a year until Hyflux is successfully restructured Another steve jobs in the making..to turn around Apple inc : )
Useful To Me  Not Useful To Me
kt3152 Supreme	26-Nov-2019 23:43        kt3152 About Contact  Quote this Post!
x 0   x 0  Alert Admin	max is 1500 If I am not wrong... Stephenchow      ( Date: 26-Nov-2019 20:28) Posted: PNP holder can get back $1500 or more. Retail shareholder like me with 10k share will get back almost zero.  Hard feeling of taking a ride by a freaking woman.   gravity8888      ( Date: 26-Nov-2019 19:46) Posted: So retail investor got anything?
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 22:01        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Utico is the largest full-service private utility and developer in the UAE, the company?s websitetouts. It is also ? a major full-service utilities provider in the greater Middle East region. Among Utico ? s shareholders and investors are sovereign institutions of the Oman, Saudi Arabia, Bahrain, and Brunei governments, according to its SGX filing.
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 21:52        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Don 't underestimate UTICO.... it has the backing of saudi SWF - PIF.... Saudi Arabia? s top sovereign wealth fund is buying a stake in United Arab Emirates utility company Utico in a multi-million dollar deal, the chief executive of the UAE firm told Reuters on Wednesday. Hyflux needs temasek backing too
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 21:31        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Utico?s chief executive Richard Menezes said the goal is to complete the restructuring by the first quarter of 2020, and have Hyflux?s shares and securities listed on the Singapore Exchange (SGX) to resume trading by then Utico also plans to list on the SGX in two years, said Mr Menezes, though he stressed that Hyflux will remain as a separate company. ?Utico will list on its own,? he told reporters. ?(Hyflux) will remain as an independent company and we are confident that if we can move this quickly, we can take the company back to the market in a smooth manner. Read more at https://www.channelnewsasia.com/news/business/hyflux-utico-restructuring-deal-takeover-400m-uae-12126674
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 21:29        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Hyflux said Utico will subscribe to 95 per cent of its enlarged issued share capital for S$300 million via private placements. This includes 7 per cent of new shares that will be issued to independent placees, so as to take into account the free float requirements under SGX?s listing rules, the announcement said. Utico will identify these placees, which are expected to be institutional and high net worth investors, it added.
Useful To Me  Not Useful To Me
runaway Senior	26-Nov-2019 21:03        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hyflux 是 新 加 坡 土 生 土 长 的 公 司 。 曾 经 有 过 辉 煌 的 日 子 。 就 这 么 没 了 。 可 惜 ， 可 惜 。
Useful To Me  Not Useful To Me
ysh2006 Supreme	26-Nov-2019 20:54        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where are those Chinese company ? Run road already ? runaway      ( Date: 26-Nov-2019 20:49) Posted: Utigo pays $300M to own 95% of the enlarged capital. This means that the total number of shares issued, including the existing 785M, is a whopping 15.7B. Assuming the net asset is $300M, the NAV is less than $0.02/share after the deal.
Useful To Me  Not Useful To Me
runaway Senior	26-Nov-2019 20:49        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Utigo pays $300M to own 95% of the enlarged capital. This means that the total number of shares issued, including the existing 785M, is a whopping 15.7B. Assuming the net asset is $300M, the NAV is less than $0.02/share after the deal.
Useful To Me  Not Useful To Me
gravity8888 Supreme	26-Nov-2019 20:45        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow then we keep the share for what sia.. Should have vote to liquidate the company
Useful To Me  Not Useful To Me
Stephenchow Veteran	26-Nov-2019 20:28        Stephenchow About Contact  Quote this Post!
x 0   x 0  Alert Admin	PNP holder can get back $1500 or more. Retail shareholder like me with 10k share will get back almost zero.  Hard feeling of taking a ride by a freaking woman.   gravity8888      ( Date: 26-Nov-2019 19:46) Posted: So retail investor got anything?
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 20:24        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Under the latest deal, Utico and co-investors will acquire new Hyflux shares representing a 95% stake of the enlarged capital of the company for a total of $300 million. Hyflux will also get a working capital loan of up to $100 million danger      ( Date: 26-Nov-2019 20:21) Posted: The whole market cap of hyflux is less than 180m on last traded...  Utico with 400m can easily take the whole group private and keep asset to themselves  MikeL2009      ( Date: 26-Nov-2019 14:41) Posted: What do you guys think would be the post-money valuation?  Set by court or by some calculations? Last traded 21 cts, post-suspension resumes trading at ???
Useful To Me  Not Useful To Me
danger Supreme	26-Nov-2019 20:21        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The whole market cap of hyflux is less than 180m on last traded...  Utico with 400m can easily take the whole group private and keep asset to themselves  MikeL2009      ( Date: 26-Nov-2019 14:41) Posted: What do you guys think would be the post-money valuation?  Set by court or by some calculations? Last traded 21 cts, post-suspension resumes trading at ???
Useful To Me  Not Useful To Me
gravity8888 Supreme	26-Nov-2019 19:46        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So retail investor got anything?
Useful To Me  Not Useful To Me
marketuncle Veteran	26-Nov-2019 14:54        marketuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/companies-markets/hyflux-inks-s400m-rescue-deal-with-utico ... Meanwhile, each holder of Hyflux preference shares and perpetual securities (PNP) can choose from two options under the schemes. The first option is to receive an upfront cash payment that is the lower of S$1,500 or 50 per cent of their holdings each. The total principal amounts payable under this option will be capped at S$50 million. The second option for PNP investors is to receive a cash amount that is the lower of S$1,500 or 50 per cent of their holdings each, but the latter will be paid out over two years in five equal instalments with a yearly interest of 1.25 per cent. PNP investors who choose the second option will also receive an additional cash payout. If shares of Utico or an affiliate are listed within two years of the transaction&rsquo s completion date, this additional payout will the higher of either the cash equivalent of 4 per cent of issued shares at the listing price or S$50 million. If such listing does not occur within the two years, the additional payout will be S$50 million. ...
Useful To Me  Not Useful To Me
MikeL2009 Senior	26-Nov-2019 14:41        MikeL2009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What do you guys think would be the post-money valuation?  Set by court or by some calculations? Last traded 21 cts, post-suspension resumes trading at ???
Useful To Me  Not Useful To Me
kt3152 Supreme	26-Nov-2019 13:29        kt3152 About Contact  Quote this Post!
x 0   x 0  Alert Admin	after so long. still have to go with utico..small preference share holders may get back some money....
Useful To Me  Not Useful To Me
guards80 Supreme	20-Nov-2019 14:35        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIAS says Utico made last-minute changes to Hyflux rescue package SECURITIES Investors Association of Singapore (SIAS) founder and CEO David Gerald said SIAS is " seriously concerned that there is no finality yet on Utico&rsquo s offer" for Hyflux. In a letter to media, he highlighted  that while Hyflux and the various creditor groups have been working within the timelines set by the Singapore High Court to finalise a deal, " changes  have been repeatedly introduced at the eleventh hour by the investor" . " SIAS hopes that such strategies designed to achieve advantages for one party only would not be allowed to scuttle an outcome which could potentially benefit a great number of stakeholders, including the holders of the perpetual securities and preference shares," said Mr Gerald. SIAS " urged all parties, including Utico, to continue negotiations with a view to achieve a commercially acceptable outcome for all stakeholders involved, including in particular, the holders of the perpetual securities and preference shares" . The High Court on Sept 30 granted Hyflux a two-month extension on its debt moratorium until Dec 2. Hyflux and Utico had held talks ahead of a Nov 1 deadline for a rescue plan, with Hyflux' s lawyer stating then that it was in talks with two other parties about potential investments in the water treatment firm. http://www.businesstimes.com.sg/companies-markets/sias-says-utico-made-last-minute-changes-to-hyflux-rescue-package
Useful To Me  Not Useful To Me

                                                         First   < Newer   421-440 of 4502   Older>   Last