Hi josemmmm123, as per what you mentioned, I' m curious about how bondholders and shareholders can take management to task and have them spit out their personal wealth. is there a way this can be done? 
josemmm123 ( Date: 08-Jun-2021 18:21) Posted:
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Not even sure what can or will minority shareholders do to salvage their money, however little it may be.
Shouldn' t the bankers who did the due diligence for the transactions take any ownership or bear responsibility? Wonder if SIAS will step up to help us poor retailers voice our grief and make an impact to our pathetic returns.
Shouldn' t the bankers who did the due diligence for the transactions take any ownership or bear responsibility? Wonder if SIAS will step up to help us poor retailers voice our grief and make an impact to our pathetic returns.
What to do if you 3 years ago shorted CFD and how to cover back now ?
Yes.... everyone know... when TS taken FOC... HYFLUX was just an empty shell... its worth is reduced by 90%... even if there is a deal we get 1-3% back... with TS there was chance to get 20-30% back... and hyflux continue to operate... everyone know... JM, Olivia you name it
josemmm123 ( Date: 08-Jun-2021 18:21) Posted:
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I tot PUB already taken over Tuas Spring for $0 liao.. 
There is no hope. The only hope then was PUB buying over Tuas Spring for $1.3b, the cost of building the Tuas Spring but in the end, PUB take over for free. That is when all hope is gone...
Now the only thing the bondholders and shareholders can do is to take the management especially the CEO to tasks and make sure they spit out all their personal wealth and made bankrupt and maybe go to jail in order to have a closure. 
 
There is no hope. The only hope then was PUB buying over Tuas Spring for $1.3b, the cost of building the Tuas Spring but in the end, PUB take over for free. That is when all hope is gone...
Now the only thing the bondholders and shareholders can do is to take the management especially the CEO to tasks and make sure they spit out all their personal wealth and made bankrupt and maybe go to jail in order to have a closure. 
 
vicloo ( Date: 08-Jun-2021 16:23) Posted:
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I have a collegue put in over a million sgd in P&P, 3 mths after retirement... this happened. He was so confident that desalination is a nation strategic assets just like SMRT or power plant... that gov will definately support plus Tuas spring that worth 1.3B in hand... no way it will go bankruptcy.... but...
ichiban ( Date: 08-Jun-2021 16:57) Posted:
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i truly feel sorry for you.
you truly had been taken for a bad ride where your bond money had been paid out as dvd.
this truly is BAD BAD.....where is the corp governance???
you truly had been taken for a bad ride where your bond money had been paid out as dvd.
this truly is BAD BAD.....where is the corp governance???
CFAsenior ( Date: 08-Jun-2021 15:58) Posted:
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Is too late... if there is help... it was supposed to be long long ago.
CFAsenior ( Date: 08-Jun-2021 15:58) Posted:
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still no help to get retirement fund return from anybody
CFAsenior ( Date: 07-Jun-2021 18:19) Posted:
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Ya .... donated by voters here ...
vicloo ( Date: 07-Jun-2021 19:32) Posted:
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P&P investors funded more than 1 billion to build TS which worth 1.3B, TS was donated by investors to PUB.
honesty ( Date: 07-Jun-2021 18:35) Posted:
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well said yet safe haven singapore would have this happening, indeed extremely sad, no news yet on the investigation on OL and BOD.May Almighty God punish the wrongdoers who are part of the process of this collapse
vicloo ( Date: 07-Jun-2021 18:24) Posted:
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Put a put monument (engraved all names of P&P investors) outside Tuas Spring plant as official donor of TS to nation.... 😁
CFAsenior ( Date: 07-Jun-2021 18:19) Posted:
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Dear SG Gov
I have voted for lighting party since LKY times
Can you please help to do something to save my retirement funds
I did not buy any stock but put most of my retirement funds in safer asset that DBS Development Bank of Singapore offered to retailers for Hyflux HYFLUX 6% CUM PREF CLASS A 10 and then HYFLUX S$500M6%PERPCAPSEC
People say by the time HYFLUX S$500M6%PERPCAPSEC offered DBS already know Hyflux in trouble
Then how come still offer to retirees
When Hyflux got suspended thought Temasek Holdings or DBS will help
The help never came instead they more interested to put our money in India and save some India bank
Now even the JM give up
Can you kindly help to step in now
亲 爱 的 新 加 坡 政 府
 
从 LKY 国 父 时 代 起 我 就 投 票 支 持 闪 电 党
 
您 能 帮 我 讨 回 我 的 退 休 金 吗
 
我 没 有 购 买 任 何 股 票 , 而 是 将 我 的 大 部 分 退 休 基 金 放 在 更 安 全 的 资 产 中 如 星 展 银 行 向 公 众 发 售 的 凯 发 HYFLUX 6% CUM PREF CLASS A 10 和 HYFLUX S$500M6%PERPCAPSEC
 
人 们 说 当 HYFLUX S$500M6%PERPCAPSEC 发 售 时 , 星 展 银 行 已 经 知 道 Hyflux 陷 入 困 境
 
那 为 何 还 发 售 给 退 休 人 士 呢
 
当 凯 发 交 易 暂 停 我 以 为 淡 马 锡 控 股 或 星 展 银 行 会 介 入 帮 助
 
帮 助 从 未 到 来 , 相 反 , 他 们 更 有 兴 趣 将 建 国 一 代 的 钱 放 在 印 度 并 拯 救 印 度 银 行
 
现 在 连 JM 都 放 弃 了
 
您 现 在 可 以 帮 忙 介 入 吗
 
不 然 我 的 退 休 基 金 就 完 了
I have voted for lighting party since LKY times
Can you please help to do something to save my retirement funds
I did not buy any stock but put most of my retirement funds in safer asset that DBS Development Bank of Singapore offered to retailers for Hyflux HYFLUX 6% CUM PREF CLASS A 10 and then HYFLUX S$500M6%PERPCAPSEC
People say by the time HYFLUX S$500M6%PERPCAPSEC offered DBS already know Hyflux in trouble
Then how come still offer to retirees
When Hyflux got suspended thought Temasek Holdings or DBS will help
The help never came instead they more interested to put our money in India and save some India bank
Now even the JM give up
Can you kindly help to step in now
亲 爱 的 新 加 坡 政 府
 
从 LKY 国 父 时 代 起 我 就 投 票 支 持 闪 电 党
 
您 能 帮 我 讨 回 我 的 退 休 金 吗
 
我 没 有 购 买 任 何 股 票 , 而 是 将 我 的 大 部 分 退 休 基 金 放 在 更 安 全 的 资 产 中 如 星 展 银 行 向 公 众 发 售 的 凯 发 HYFLUX 6% CUM PREF CLASS A 10 和 HYFLUX S$500M6%PERPCAPSEC
 
人 们 说 当 HYFLUX S$500M6%PERPCAPSEC 发 售 时 , 星 展 银 行 已 经 知 道 Hyflux 陷 入 困 境
 
那 为 何 还 发 售 给 退 休 人 士 呢
 
当 凯 发 交 易 暂 停 我 以 为 淡 马 锡 控 股 或 星 展 银 行 会 介 入 帮 助
 
帮 助 从 未 到 来 , 相 反 , 他 们 更 有 兴 趣 将 建 国 一 代 的 钱 放 在 印 度 并 拯 救 印 度 银 行
 
现 在 连 JM 都 放 弃 了
 
您 现 在 可 以 帮 忙 介 入 吗
 
不 然 我 的 退 休 基 金 就 完 了
| josemmm123 ( Date: 07-Jun-2021 00:01) Posted: |
AET, added extra time after 90mins? may be penalty shoot out
Utico CEO makes offer for Hyflux 2 days after winding-up application
JUST two days after Hyflux Group' s judicial managers filed an application to wind up the water treatment company, chief executive officer of Middle Eastern utility firm Utico Richard Menezes is making an attempt to offer the crisis-hit company a rescue deal.Utico CEO makes offer for Hyflux 2 days after winding-up application
 
JUST two days after Hyflux Group' s judicial managers filed an application to wind up the water treatment company, chief executive officer of Middle Eastern utility firm Utico Richard Menezes is making an attempt to offer the crisis-hit company a rescue deal.
 
Mr Menezes told The Business Times (BT) that he has reached out to Hyflux' s judicial managers with a deal, though he declined to share the exact details.
 
He said that he has written to the judicial mangers to " save the company and make it equitable" and that " liquidation should be the last option" .
 
Under the latest proposal, Mr Menezes said, Hyflux' s unsecured senior creditors will receive five cents on the dollar while retail investors in Hyflux' s preference shares and perpetual securities (PnP) will receive four cents.
 
Mr Menezes has agreed to place S$50 million of his personal shares in Utico in escrow to guarantee the deal. This will be followed by S$50 million in cash once an agreement has been signed.
 
In response to queries on the chances of a deal taking place given that Hyflux has already filed for liquidation, Mr Menezes said: " The judicial managers might not accept my offer as they announced investor talks failed."
 
Hyflux' s judicial manager Borrelli Walsh, declined to comment when reached by BT.
 
Hyflux' s restructuring process has dragged on for more than two years.
 
A court-supervised process, which began in May 2018, has been punctuated by multiple requests for last-minute adjournments to consider new suitors.
 
In October 2020, Justice Aedit Abdullah had agreed to one final adjournment before Borrelli Walsh was appointed interim judicial managers in November.
 
Remarking on the repeated requests for extensions to Hyflux' s debt moratorium without better progress shown in closing a restructuring deal, Justice Abdullah had said at the time: " Suspicion is building up considerably whether there is some sort of gamesmanship going on here."
 
Even following its appointment, Borrelli Walsh had extended its term on more than one occasion to consider the various options possible for Hyflux.
 
Borrelli Walsh had on Feb 16 received a 90-day extension of its term until May 15, and subsequently sought to extend its term by 60 more days to July 14 to determine whether a potential restructuring of the group is possible.
 
But in a bourse filing on Friday night, the judicial managers said a restructuring is not possible and that the remaining value of Hyflux is " best realised in a liquidation" .
 
They noted that judicial management is no longer needed, and that its objectives are no longer capable of achievement, following the conclusion of the investor process.
 
Utico had been among the earliest of Hyflux' s suitors, first offering a more than S$400 million rescue deal in 2019. There were later attempts to sweeten this deal, and Utico had also been among the parties Borrelli Walsh had been in talks with during the judicial management term.
 
Trading in Hyflux securities has been suspended since May 2018.
case closed . 
 
 
I also think it should go liquidation earlier to protect value and prevent leakage. Rather than waste time and pay more for all those nonsense service.
honesty ( Date: 06-Jun-2021 21:29) Posted:
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work security how many hours must slog to get back this amount. better luck next time.  

peterwong321 ( Date: 06-Jun-2021 21:59) Posted:
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I think these 50,000 may blame MIW in the next election....
Starship ( Date: 05-Jun-2021 17:31) Posted:
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