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laksaman57 Supreme	15-Nov-2017 09:07        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.theedgesingapore.com/nam-cheong-sinks-red-3q-forex-loss-and-finance-costs
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Johnlee215 Senior	25-Oct-2017 10:19        Johnlee215 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://m.nasdaq.com/article/scheme-of-arrangement-hearing-fixed-for-nam-cheong-20171024-00098
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granto Master	10-Oct-2017 05:27        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong seeks court protection amid bid to restructure debts http://splash247.com/nam-cheong-seeks-court-protection-amid-bid-restructure-debts/
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Johnlee215 Senior	01-Oct-2017 17:10        Johnlee215 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guess they have not much choices. And on the good side, oil prices are going up, may end up being $80 this year, at the rate its going, nam cheong vessel may have buyers coming to their doorstep soon!
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shadow Veteran	30-Sep-2017 22:48        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Institutional noteholders weigh in on Nam Cheong scheme Any details ? Good or bad ?
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mobilefish Member	20-Sep-2017 14:00        mobilefish About Contact  Quote this Post!
x 0   x 0  Alert Admin	it looks like DBS is seizing the property @ P Lebar but fudged it as a normal buy & sell transaction, AMBank is suing NC for M$70 mil, wonder if there is anything left for AMBank HazardKoh      ( Date: 19-Sep-2017 10:58) Posted: In the end sell all their assets to pay the banks... left nothing for shareholders. NTA 0, no more viable business left. Even if resume trading will become like blumont, then trade at 0.1 cents Then general offer of 0.001 cents. Is almost the same as delist with nothing sheerluck      ( Date: 19-Sep-2017 10:54) Posted: It was spelled out in their restructuring presentation that they have to sell asset to repay the secured loan and we can all see that in motion now. After their big exposure to O& G and Swiber and a few sabo them and most importantly is the public is aware that DBS has a these huge NPL, DBS scare liao.   Now first thing is they want to take back some money first.   What these bankers needs to do is to keep the company alive.   The company may not be able to generate cash from their operation (Nam Cheong especially) but the bankers can make the company sell assets or milk their shareholders for it. Sometime, it just take one of their bankers to demand payment for the rest to do so likewise.   Would you like to see other get paid while you are not
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HazardKoh Master	19-Sep-2017 10:58        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the end sell all their assets to pay the banks... left nothing for shareholders. NTA 0, no more viable business left. Even if resume trading will become like blumont, then trade at 0.1 cents Then general offer of 0.001 cents. Is almost the same as delist with nothing sheerluck      ( Date: 19-Sep-2017 10:54) Posted: It was spelled out in their restructuring presentation that they have to sell asset to repay the secured loan and we can all see that in motion now. After their big exposure to O& G and Swiber and a few sabo them and most importantly is the public is aware that DBS has a these huge NPL, DBS scare liao.   Now first thing is they want to take back some money first.   What these bankers needs to do is to keep the company alive.   The company may not be able to generate cash from their operation (Nam Cheong especially) but the bankers can make the company sell assets or milk their shareholders for it. Sometime, it just take one of their bankers to demand payment for the rest to do so likewise.   Would you like to see other get paid while you are not? ysh2006      ( Date: 19-Sep-2017 05:15) Posted: Property at P.Lebar was sold to DBS lah...This is coy HQ
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sheerluck Supreme	19-Sep-2017 10:54        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	It was spelled out in their restructuring presentation that they have to sell asset to repay the secured loan and we can all see that in motion now. After their big exposure to O& G and Swiber and a few sabo them and most importantly is the public is aware that DBS has a these huge NPL, DBS scare liao.   Now first thing is they want to take back some money first.   What these bankers needs to do is to keep the company alive.   The company may not be able to generate cash from their operation (Nam Cheong especially) but the bankers can make the company sell assets or milk their shareholders for it. Sometime, it just take one of their bankers to demand payment for the rest to do so likewise.   Would you like to see other get paid while you are not? ysh2006      ( Date: 19-Sep-2017 05:15) Posted: Property at P.Lebar was sold to DBS lah...This is coy HQ. mobilefish      ( Date: 19-Sep-2017 03:39) Posted: Who is the buyer of NC' s property@Suntec, look closely and you will find out it' s just a ploy to get the banks, creditors and note holders hooked to the ' hair trimming' demanded by the owner of NC
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ysh2006 Supreme	19-Sep-2017 05:15        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property at P.Lebar was sold to DBS lah...This is coy HQ. mobilefish      ( Date: 19-Sep-2017 03:39) Posted: Who is the buyer of NC' s property@Suntec, look closely and you will find out it' s just a ploy to get the banks, creditors and note holders hooked to the ' hair trimming' demanded by the owner of NC
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mobilefish Member	19-Sep-2017 03:39        mobilefish About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who is the buyer of NC' s property@Suntec, look closely and you will find out it' s just a ploy to get the banks, creditors and note holders hooked to the ' hair trimming' demanded by the owner of NC
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Alvin2042 Master	18-Sep-2017 06:22        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U mean banks, bondholders or shareholders? The latter definitely get back nothing on liquidation. ysh2006      ( Date: 18-Sep-2017 06:11) Posted: Liquidate the company has a better chance to take back bank money rather let it continue for 7 years and drain out more money in the end nothing left.... granto      ( Date: 17-Sep-2017 19:38) Posted: Nam Cheong offloads more property to reduce debt http://splash247.com/nam-cheong-offloads-property-reduce-debt/
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ysh2006 Supreme	18-Sep-2017 06:11        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Liquidate the company has a better chance to take back bank money rather let it continue for 7 years and drain out more money in the end nothing left.... granto      ( Date: 17-Sep-2017 19:38) Posted: Nam Cheong offloads more property to reduce debt http://splash247.com/nam-cheong-offloads-property-reduce-debt/
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granto Master	17-Sep-2017 19:38        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nam Cheong offloads more property to reduce debt http://splash247.com/nam-cheong-offloads-property-reduce-debt/
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HazardKoh Master	13-Sep-2017 21:44        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Owner comes out with $11.93M and wants to save his company which owe debts of $424M ?? Is like  someone owe the bank $4M,  he tells the bank  he pay $110 in cash  and ask the bank to not proceed with chasing  after him for $$ and not declare him bankrupt and give him 7 more years to pay out. U think the bank will wait 7 years? wait nothing left sheerluck      ( Date: 13-Sep-2017 19:31) Posted: Bascially this SOR gives notebond holders no way out whichever option they take.   NC chairman has become a sly fox maybe on the advices of some ingenious financial advisors.   granto      ( Date: 08-Sep-2017 16:19) Posted: Desperate Nam Cheong chairman throws his own money into the pot http://splash247.com/desperate-nam-cheong-chairman-throws-money-pot/
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oldbirdy Senior	13-Sep-2017 19:44        oldbirdy About Contact  Quote this Post!
x 0   x 0  Alert Admin	What will the share price going to be after right issue?
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sheerluck Supreme	13-Sep-2017 19:31        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Bascially this SOR gives notebond holders no way out whichever option they take.   NC chairman has become a sly fox maybe on the advices of some ingenious financial advisors.   granto      ( Date: 08-Sep-2017 16:19) Posted: Desperate Nam Cheong chairman throws his own money into the pot http://splash247.com/desperate-nam-cheong-chairman-throws-money-pot/
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ysh2006 Supreme	13-Sep-2017 13:43        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The link not work can post the article here ? Will this company folded ? laksaman57      ( Date: 13-Sep-2017 13:35) Posted: http://www.businesstimes.com.sg/companies-markets/om-debt-restructuring-beware-backlash-from-divide-rule
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laksaman57 Supreme	13-Sep-2017 13:35        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.businesstimes.com.sg/companies-markets/om-debt-restructuring-beware-backlash-from-divide-rule
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Alvin2042 Master	08-Sep-2017 19:57        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think that nam cheong can survive as bond holders will have little choice but to accept the options avail. Force liquidation may not even get back 5 cts to a dollar. ysh2006      ( Date: 08-Sep-2017 19:50) Posted: This boss now than last min than want to come out money late already no sincere heart one. granto      ( Date: 08-Sep-2017 16:19) Posted: Desperate Nam Cheong chairman throws his own money into the pot http://splash247.com/desperate-nam-cheong-chairman-throws-money-pot/
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Volmax Elite	08-Sep-2017 19:56        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice move,  vote of confidence!
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