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Latest Forum Topics / Hyflux    Last:0.21 --  Post Reply
Hyflux
AhLiang
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15-Jun-2019 20:55     
 
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 Alert Admin 		After a while, people get tired. But many read. BW same. I am vested in GAR but nowadays I don't post about it too. Nobody appreciate nobody support but I get attacks like my Enlish poar. Why shuod I shrae?
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luckyboy22
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15-Jun-2019 20:35     
 
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 Alert Admin 		worst than Noble

gravity8888      ( Date: 15-Jun-2019 20:12) Posted:

Ya the investors that are interested in hyflux. Now no sound? Building castle in the air again?

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gravity8888
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15-Jun-2019 20:12     
 
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 Alert Admin 		Ya the investors that are interested in hyflux. Now no sound? Building castle in the air again?
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ysh2006
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15-Jun-2019 19:13     
 
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 Alert Admin 		This tropic not much forumers interested over this chat site.

AhLiang      ( Date: 15-Jun-2019 18:10) Posted:

Yes, of so many shots one hit the bull-eye! That shot from China?

Starship      ( Date: 15-Jun-2019 10:35) Posted:



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AhLiang
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15-Jun-2019 18:10     
 
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 Alert Admin 		Yes, of so many shots one hit the bull-eye! That shot from China?

Starship      ( Date: 15-Jun-2019 10:35) Posted:



Stephenchow      ( Date: 30-May-2019 20:01) Posted:

Welcome to the new world of undisputed sitting duck shareholder group where all nonsense are stuffing down  your throat & you can only Lan Lan sitting now sucking thumbs ------> message from existing Lan Lan shareholder     

她 也 说 ， 凯 发 目 前 可 取 得 的 现 金 ， 足 以 维 持 公 司 营 运 至 7月 底 。  

另 外 ， 林 爱 莲 在 宣 誓 书 中 提 出   新 凯 发   的 最 新 构 想 。 其 中 一 个 构 想 是 ，   她 考 虑 让 永 久 证 券 和 优 先 股 持 有 人 直 接 持 有   新 凯 发   股 权   。  

新 凯 发   是 特 殊 目 的 公 司 （ SPV） ， 它 将 持 有 凯 发 的 指 定 资 产 或 项 目 的 股 权 ， 以 及 重 组 之 后 的 设 计 、 采 购 和 施 工 （ EPC） 业 务 。  

代 表 凯 发 的 律 师 团 将 于 8月 2日 再 回 到 高 庭 汇 报 重 组 进 度  


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destinykraze
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15-Jun-2019 15:59     
 
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 Alert Admin 		Actually what most ppl here are interested should be what the " white knights" " are offering for the unsecured creditors. 
This has been dragging for too long, hope the closure is not far from now.

Stephenchow      ( Date: 29-May-2019 20:41) Posted:



It is in advanced discussions with Emirati utilities group Utico over terms of a binding term sheet, for a possible investment of S$400 million, it said.

Hyflux is also in advanced discussions with Oyster Bay Fund for a possible S$500 million investment. Hyflux has said that Oyster Bay is an independent third party, but has not disclosed who is behind it.

Five other unnamed investors are in talks with Hyflux and have signed non-disclosure agreements.

Among the five is a large desalination company that has issued Hyflux a non-binding letter of interest to acquire certain of its assets in Algeria, Oman, the Middle East and the North Africa region, a large player in the power sector in Asia that is mulling a possible merger with Hyflux, a foreign investment fund that invests in distressed companies, a major nuclear and civil engineering contractor based in Asia, as well as a major waste treatment company also based in Asia.

Hyflux has prioritised discussions with potential strategic investors in respect of an investment in the entire Hyflux group, as opposed to those who prefer to " cherry-pick" parts of its business, WongPartnership lawyer Manoj Sandrasegara, who represents Hyflux, told the court on Wednesday.

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Qanghoo
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15-Jun-2019 14:17     
 
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 Alert Admin 		Elect can be sold to the grid through the electricity pooling system.

ysh2006      ( Date: 15-Jun-2019 05:35) Posted:

So China company with govt link want to come in only take power station no desaltdination plant than sell electricity to who ?....Maybe just delay tatics for court to extend JM application by 8 banks only...

Stephenchow      ( Date: 15-Jun-2019 05:26) Posted:

Finally one more news:- ah Tiong or their favourite is here

Hyflux Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) refers to its ongoing court supervised reorganisation process and announcements on 25 April 2019, 3 May 2019, 10 May 2019 and 15 May 2019 in relation to receipt by the Company of non-binding letters of intent from potential investors. The Company wishes to announce that it has received another non-binding letter of intent for a potential investment in the Group by a potential investor based in China (the &ldquo Investor&rdquo ), subject to regulatory clearance, due diligence and the execution of a binding agreement on mutually agreeable terms. The Investor has previously executed a non-disclosure agreement and has commenced preliminary due diligence on the Group. The Investor is a subsidiary of a state-owned enterprise in the industrial field which works on a global scale to provide comprehensive power services. Other fields of expertise of the Investor&rsquo s holding company include wind and solar energy solutions, nuclear industry, medical technology and agriculture. The Investor has reserved its right to terminate discussions in relation to the potential investment if a judicial manager or liquidator is appointed over the Company or its subsidiaries. The Company is continuing its engagement with all potential investors and will make the appropriate announcements as and when there are any further material developments on the above matter. 


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Starship
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15-Jun-2019 10:35     
 
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Stephenchow      ( Date: 30-May-2019 20:01) Posted:

Welcome to the new world of undisputed sitting duck shareholder group where all nonsense are stuffing down  your throat & you can only Lan Lan sitting now sucking thumbs ------> message from existing Lan Lan shareholder     

她 也 说 ， 凯 发 目 前 可 取 得 的 现 金 ， 足 以 维 持 公 司 营 运 至 7月 底 。  

另 外 ， 林 爱 莲 在 宣 誓 书 中 提 出   新 凯 发   的 最 新 构 想 。 其 中 一 个 构 想 是 ，   她 考 虑 让 永 久 证 券 和 优 先 股 持 有 人 直 接 持 有   新 凯 发   股 权   。  

新 凯 发   是 特 殊 目 的 公 司 （ SPV） ， 它 将 持 有 凯 发 的 指 定 资 产 或 项 目 的 股 权 ， 以 及 重 组 之 后 的 设 计 、 采 购 和 施 工 （ EPC） 业 务 。  

代 表 凯 发 的 律 师 团 将 于 8月 2日 再 回 到 高 庭 汇 报 重 组 进 度  

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ysh2006
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15-Jun-2019 05:35     
 
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 Alert Admin 		So China company with govt link want to come in only take power station no desaltdination plant than sell electricity to who ?....Maybe just delay tatics for court to extend JM application by 8 banks only...

Stephenchow      ( Date: 15-Jun-2019 05:26) Posted:

Finally one more news:- ah Tiong or their favourite is here

Hyflux Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) refers to its ongoing court supervised reorganisation process and announcements on 25 April 2019, 3 May 2019, 10 May 2019 and 15 May 2019 in relation to receipt by the Company of non-binding letters of intent from potential investors. The Company wishes to announce that it has received another non-binding letter of intent for a potential investment in the Group by a potential investor based in China (the &ldquo Investor&rdquo ), subject to regulatory clearance, due diligence and the execution of a binding agreement on mutually agreeable terms. The Investor has previously executed a non-disclosure agreement and has commenced preliminary due diligence on the Group. The Investor is a subsidiary of a state-owned enterprise in the industrial field which works on a global scale to provide comprehensive power services. Other fields of expertise of the Investor&rsquo s holding company include wind and solar energy solutions, nuclear industry, medical technology and agriculture. The Investor has reserved its right to terminate discussions in relation to the potential investment if a judicial manager or liquidator is appointed over the Company or its subsidiaries. The Company is continuing its engagement with all potential investors and will make the appropriate announcements as and when there are any further material developments on the above matter. 

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Stephenchow
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15-Jun-2019 05:26     
 
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 Alert Admin 		Finally one more news:- ah Tiong or their favourite is here

Hyflux Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) refers to its ongoing court supervised reorganisation process and announcements on 25 April 2019, 3 May 2019, 10 May 2019 and 15 May 2019 in relation to receipt by the Company of non-binding letters of intent from potential investors. The Company wishes to announce that it has received another non-binding letter of intent for a potential investment in the Group by a potential investor based in China (the &ldquo Investor&rdquo ), subject to regulatory clearance, due diligence and the execution of a binding agreement on mutually agreeable terms. The Investor has previously executed a non-disclosure agreement and has commenced preliminary due diligence on the Group. The Investor is a subsidiary of a state-owned enterprise in the industrial field which works on a global scale to provide comprehensive power services. Other fields of expertise of the Investor&rsquo s holding company include wind and solar energy solutions, nuclear industry, medical technology and agriculture. The Investor has reserved its right to terminate discussions in relation to the potential investment if a judicial manager or liquidator is appointed over the Company or its subsidiaries. The Company is continuing its engagement with all potential investors and will make the appropriate announcements as and when there are any further material developments on the above matter. 
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Stephenchow
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30-May-2019 20:01     
 
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 Alert Admin 		Welcome to the new world of undisputed sitting duck shareholder group where all nonsense are stuffing down  your throat & you can only Lan Lan sitting now sucking thumbs ------> message from existing Lan Lan shareholder     

她 也 说 ， 凯 发 目 前 可 取 得 的 现 金 ， 足 以 维 持 公 司 营 运 至 7月 底 。  

另 外 ， 林 爱 莲 在 宣 誓 书 中 提 出   新 凯 发   的 最 新 构 想 。 其 中 一 个 构 想 是 ，   她 考 虑 让 永 久 证 券 和 优 先 股 持 有 人 直 接 持 有   新 凯 发   股 权   。  

新 凯 发   是 特 殊 目 的 公 司 （ SPV） ， 它 将 持 有 凯 发 的 指 定 资 产 或 项 目 的 股 权 ， 以 及 重 组 之 后 的 设 计 、 采 购 和 施 工 （ EPC） 业 务 。  

代 表 凯 发 的 律 师 团 将 于 8月 2日 再 回 到 高 庭 汇 报 重 组 进 度  
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Stephenchow
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29-May-2019 20:41     
 
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It is in advanced discussions with Emirati utilities group Utico over terms of a binding term sheet, for a possible investment of S$400 million, it said.

Hyflux is also in advanced discussions with Oyster Bay Fund for a possible S$500 million investment. Hyflux has said that Oyster Bay is an independent third party, but has not disclosed who is behind it.

Five other unnamed investors are in talks with Hyflux and have signed non-disclosure agreements.

Among the five is a large desalination company that has issued Hyflux a non-binding letter of interest to acquire certain of its assets in Algeria, Oman, the Middle East and the North Africa region, a large player in the power sector in Asia that is mulling a possible merger with Hyflux, a foreign investment fund that invests in distressed companies, a major nuclear and civil engineering contractor based in Asia, as well as a major waste treatment company also based in Asia.

Hyflux has prioritised discussions with potential strategic investors in respect of an investment in the entire Hyflux group, as opposed to those who prefer to " cherry-pick" parts of its business, WongPartnership lawyer Manoj Sandrasegara, who represents Hyflux, told the court on Wednesday.
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Stephenchow
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29-May-2019 20:30     
 
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SINGAPORE - The High Court on Wednesday (May 29) allowed debt-ridden water treatment firm Hyflux and its three subsidiaries two more months of reprieve from their creditors - until Aug 2 - as the company continues to work with several investors to nail down a new restructuring plan.

Hyflux had asked for a four-month extension on its debt moratorium, saying it is now in discussions with five other potential investors, in addition to UAE utility Utico, Mauritius-based multi-strategy investment fund Oyster Bay Fund and a third investor said to be a big desalination plant company.

In asking for the extension, Hyflux said it has made progress with its restructuring efforts including holding weekly restructuring meetings with various creditor groups to update them, as well as in its discussions with various potential investors.

Utico has given Hyflux until June 17 to sign a binding agreement with them.

While Justice Aedit Abdullah said he was " concerned about giving a four-month extension at a go" , he also told Hyflux to " assure the investors I will be amenable, if progress continues to be made, to a further two-month extension" beyond Aug 2.

As for the conditions that should be met in order for further extensions to be given, Justice Aedit said: " In relation to the payment for advisers I would stipulate a condition that more detailed breakdown identifying how much has been paid and what remains payable to be given to... the court in two weeks."
This is because the company' s cash flow position isn' t strong and remains a key concern for various creditor groups, particularly those who haven' t been paid.
The order was passed as an earlier court-sanctioned protection from creditors was set to expire on Wednesday.


" Aside from these conditions, I will indicate other matters which the court strongly encourages. If there is non compliance, it will be taken into account," Justice Aedit said.

He said he hopes there will be continued engagement with all stakeholders, in particular, the perpetual securities and preference shareholders and the perpetual securities trustee.

" I would also strongly encourage all advisers, as far as possible to leave actual discussions with investors to (Hyflux)," he said, adding that at the very least, they " should let the company know what they intend to do" if they have to approach the investors.

This came after Hyflux and creditor DBS Bank expressed concerns over potential judicial manager Borrelli Walsh approaching Utico on at least two occasions even before a binding agreement is signed.

So far, Hyflux has managed to fend off a bid by seven banks - which are collectively owed $648.7 million in debt - to start the legal process that could have seen the firm and a key unit placed under judicial management.

But Mr Eddee Ng, senior partner at Tan Kok Quan Partnership, who represents the group of banks, which represent 31 per cent of senior debt, argued that Borrelli Walsh " went out of its way to inform Utico that the banks are not reviving the JM application" .

Hyflux is in talks with Utico for a $400 million investment, Oyster Bay Fund for a potential investment of up to $500 million, and a third unidentified investor that Hyflux described as one of the world' s top 10 largest desalination companies. The third investor has issued a non-binding letter of intent for its assets.

In April, it aborted a $530 million deal with Indonesian consortium SM Investments and is now fighting to claim a $38.9 million deposit from the entity.
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helloisme
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29-May-2019 10:00     
 
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 Alert Admin 		Most likely will allow to " continue" .... since there is some hopes after new interesting " investors" appeared

ysh2006      ( Date: 29-May-2019 07:42) Posted:

Any guessing of today high court hearing ?....
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ysh2006
Supreme
29-May-2019 07:42     
 
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 Alert Admin 		Any guessing of today high court hearing ?....
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Stephenchow
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28-May-2019 20:44     
 
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 Alert Admin 		What a Freaking Mess. The so called investor can jump the gun, talking to so many people, making so much nose and yet not signing  anything
Will they run seprate townwhall on the same date, different venues, talking completely different things and rebutitng each other    like the white lightning strike party against  opposition party during election rally.  laughcheeky

Don' t be too optimistic, before signing on the dotted line already start rebutting each other definitely worth than the Indo.....   

Starship      ( Date: 28-May-2019 19:00) Posted:


What a joke.
Misleading rosy news keep on coming............................nocheekydevil


No binding agreement with potential investor Utico yet: Hyflux
28/05/19, 03:06 pm

SINGAPORE (May 28): Embattled water company, Hyflux on Tuesday clarified in a Singapore Exchange filing that its recent meeting with Utico did not entail any binding agreements or conclusive number on how much its investors will be getting.

The regulatory statement was made on the back of a statement issued by Utico, which said it had met with Hyflux&rsquo s financial and legal advisors, as well as the Securities Investors Association Singapore (Sias) and others last week.

A Monday  Straits Times  article reported Utico is offering &ldquo part cash redemption and also a hope for full redemption with a plan and exit option&rdquo to the 3,400 retail investors of Hyflux&rsquo s perpetual securities and preference shares.

According to the article, Utico is also quoted in the article saying that &ldquo small investors of up to $2,000 to $3,000 could get 50% cash redemption along with full redemption opportunity, while the rest of the investors could get a similar, but staggered and cascade deal&rdquo .

In a May 14 announcement, Hyflux said it has not yet accepted or entered into the term sheet received from the advisors to Utico on May 6. This position has not changed.

Meanwhile, Utico is not the only investor Hyflux is in talks with. On May 16, Hyflux announced that it had received a non-binding letter of interest from an unnamed potential investor to acquire certain of the company&rsquo s assets in Algeria and Oman, as well as other assets in the Middle East and North Africa region.

https://www.theedgesingapore.com/no-binding-agreement-potential-investor-utico-yet-hyflux
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Starship
Supreme
28-May-2019 19:00     
 
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What a joke.
Misleading rosy news keep on coming............................nocheekydevil


No binding agreement with potential investor Utico yet: Hyflux
28/05/19, 03:06 pm

SINGAPORE (May 28): Embattled water company, Hyflux on Tuesday clarified in a Singapore Exchange filing that its recent meeting with Utico did not entail any binding agreements or conclusive number on how much its investors will be getting.

The regulatory statement was made on the back of a statement issued by Utico, which said it had met with Hyflux&rsquo s financial and legal advisors, as well as the Securities Investors Association Singapore (Sias) and others last week.

A Monday  Straits Times  article reported Utico is offering &ldquo part cash redemption and also a hope for full redemption with a plan and exit option&rdquo to the 3,400 retail investors of Hyflux&rsquo s perpetual securities and preference shares.

According to the article, Utico is also quoted in the article saying that &ldquo small investors of up to $2,000 to $3,000 could get 50% cash redemption along with full redemption opportunity, while the rest of the investors could get a similar, but staggered and cascade deal&rdquo .

In a May 14 announcement, Hyflux said it has not yet accepted or entered into the term sheet received from the advisors to Utico on May 6. This position has not changed.

Meanwhile, Utico is not the only investor Hyflux is in talks with. On May 16, Hyflux announced that it had received a non-binding letter of interest from an unnamed potential investor to acquire certain of the company&rsquo s assets in Algeria and Oman, as well as other assets in the Middle East and North Africa region.

https://www.theedgesingapore.com/no-binding-agreement-potential-investor-utico-yet-hyflux
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destinykraze
Elite
28-May-2019 18:19     
 
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Yells: "Reality is only a matter of perception"
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 Alert Admin 		talk is free. in anyway the agreement is phrased to look better than what it would do.

ysh2006      ( Date: 28-May-2019 13:40) Posted:

Aiya they just say only black and white  only no actual document ,
anytime can change...
sad

guards80      ( Date: 28-May-2019 13:35) Posted:

Hyflux says Utico' s offer of part cash redemption to PNP investors only ' exploratory in nature'



WITH the May 29 High Court hearing on the moratorium of Hyflux just a day away, the  debt-ridden firm on Tuesday clarified that Utico' s purported rescue deal to offer " part cash redemption" to  retail perpetual and preference shareholders (PNP) is merely " exploratory in nature" , and " currently being contemplated" by Utico. 

BT previously reported that  Utico chief executive Richard Menezes said in a statement on Sunday that the Emirati utilities group has at a recent meeting with Hyflux offered " part cash redemption and also a hope for full redemption with a plan and exit option" .

Mr Menezes was quoted as saying: " Full details can only be revealed later, but as part of the overall deal, small investors of up to S$2,000 to S$3,000 could get 50 per cent cash redemption along with full redemption opportunity while the rest of the investors could get a similar but staggered and cascade deal."

But on Tuesday, Hyflux said it wanted to clarify that the meeting " entailed no conclusive numbers or percentages, or indeed any binding agreement, whether in respect of the PNPs or any other stakeholder groups" . 

The meeting was attended by Hyflux, Utico representatives, the  Securities Investors Association (Singapore), as  well as the respective advisers to Utico,  and the informal steering committee for PNPs. 

Hyflux added that it is in continued talks  with several potential investors, including Utico, and that material developments have been announced on SGXNet as appropriate.

As at May 14, the company had not accepted or  entered into the term sheet received from  Utico advisers on May 6.

" This position has not changed," Hyflux said. 

It also urged investors to rely on information provided by the company in its disclosures to the Singapore bourse, and said it will make  appropriate announcements as and when there are any further material developments.

http://www.businesstimes.com.sg/companies-markets/hyflux-says-ulticos-offer-of-part-cash-redemption-to-pnp-investors-only


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ysh2006
Supreme
28-May-2019 13:40     
 
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 Alert Admin 		Aiya they just say only black and white  only no actual document ,
anytime can change...
sad

guards80      ( Date: 28-May-2019 13:35) Posted:

Hyflux says Utico' s offer of part cash redemption to PNP investors only ' exploratory in nature'



WITH the May 29 High Court hearing on the moratorium of Hyflux just a day away, the  debt-ridden firm on Tuesday clarified that Utico' s purported rescue deal to offer " part cash redemption" to  retail perpetual and preference shareholders (PNP) is merely " exploratory in nature" , and " currently being contemplated" by Utico. 

BT previously reported that  Utico chief executive Richard Menezes said in a statement on Sunday that the Emirati utilities group has at a recent meeting with Hyflux offered " part cash redemption and also a hope for full redemption with a plan and exit option" .

Mr Menezes was quoted as saying: " Full details can only be revealed later, but as part of the overall deal, small investors of up to S$2,000 to S$3,000 could get 50 per cent cash redemption along with full redemption opportunity while the rest of the investors could get a similar but staggered and cascade deal."

But on Tuesday, Hyflux said it wanted to clarify that the meeting " entailed no conclusive numbers or percentages, or indeed any binding agreement, whether in respect of the PNPs or any other stakeholder groups" . 

The meeting was attended by Hyflux, Utico representatives, the  Securities Investors Association (Singapore), as  well as the respective advisers to Utico,  and the informal steering committee for PNPs. 

Hyflux added that it is in continued talks  with several potential investors, including Utico, and that material developments have been announced on SGXNet as appropriate.

As at May 14, the company had not accepted or  entered into the term sheet received from  Utico advisers on May 6.

" This position has not changed," Hyflux said. 

It also urged investors to rely on information provided by the company in its disclosures to the Singapore bourse, and said it will make  appropriate announcements as and when there are any further material developments.

http://www.businesstimes.com.sg/companies-markets/hyflux-says-ulticos-offer-of-part-cash-redemption-to-pnp-investors-only

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guards80
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28-May-2019 13:35     
 
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Hyflux says Utico' s offer of part cash redemption to PNP investors only ' exploratory in nature'



WITH the May 29 High Court hearing on the moratorium of Hyflux just a day away, the  debt-ridden firm on Tuesday clarified that Utico' s purported rescue deal to offer " part cash redemption" to  retail perpetual and preference shareholders (PNP) is merely " exploratory in nature" , and " currently being contemplated" by Utico. 

BT previously reported that  Utico chief executive Richard Menezes said in a statement on Sunday that the Emirati utilities group has at a recent meeting with Hyflux offered " part cash redemption and also a hope for full redemption with a plan and exit option" .

Mr Menezes was quoted as saying: " Full details can only be revealed later, but as part of the overall deal, small investors of up to S$2,000 to S$3,000 could get 50 per cent cash redemption along with full redemption opportunity while the rest of the investors could get a similar but staggered and cascade deal."

But on Tuesday, Hyflux said it wanted to clarify that the meeting " entailed no conclusive numbers or percentages, or indeed any binding agreement, whether in respect of the PNPs or any other stakeholder groups" . 

The meeting was attended by Hyflux, Utico representatives, the  Securities Investors Association (Singapore), as  well as the respective advisers to Utico,  and the informal steering committee for PNPs. 

Hyflux added that it is in continued talks  with several potential investors, including Utico, and that material developments have been announced on SGXNet as appropriate.

As at May 14, the company had not accepted or  entered into the term sheet received from  Utico advisers on May 6.

" This position has not changed," Hyflux said. 

It also urged investors to rely on information provided by the company in its disclosures to the Singapore bourse, and said it will make  appropriate announcements as and when there are any further material developments.

http://www.businesstimes.com.sg/companies-markets/hyflux-says-ulticos-offer-of-part-cash-redemption-to-pnp-investors-only
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