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| 21 Jun 2016 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | 0.4451 | 3,000 |
Brought starting from Jun 2016 and slowly buildup to 100,000 shares average price 0.35 to 0.45
Capital investment - 40k now all gone just dim dim lor what can we do as investor
lol ... all those companies with " Singapore ..." are monopoly and having issues????
peterwong321 ( Date: 06-Jun-2021 21:42) Posted:
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there was also a mention that initially other than salim, there were other bidders but not approved! investors would have been saved,hope we get to hear what exactly the issues were
If not Temasek behind SIA this high class service line business should has long been gone. ........ it should be call AIS
HF' s life was extended 10 times! if it had not, possibly PNP would have got 50% back of their investment or lesser versus ZERO now! , not sure who exactly to be blamed
des_khor ( Date: 05-Jun-2021 13:19) Posted:
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When Singapore has class action?
All investment involve risks.
Totally agreed. It is indeed disheartening and heart breaking to hear that liquidation is the only route after so many years of so called " restructuring" and attempting to find the best suitor... Shouldn' t us be amazed that out of so many suitors todate, none of these offers by the so called unsuitable candidates in the eyes of the JM/managment/IFA are better off than seeking Liquidation as the only route out...? we are all aware once the company goes under Liquidation, the value it can fetch will be substantially hair cut, which I doubt there are even any enough left for the perpetual holders as there will be insufficient to pay off the secured holders...(zero for shareholders definitely). To strip the assets and sell them one piece by one piece is time consuming and cost inefficient and any potential bidders will attempt to offer the lowest price/bid than they would have as if the assets are as a whole which is during and prior to the JM duration.
The aim of having a JM is having him to advise on the best suitor out of the many offers on the table (JM is to and can decide so as to cut the so much noises) but surprisingly nothing much has progressed since it ensued, except that of refunding the deposit of $38.9m back to SMI, the first white knight which put forth a $530m rescue deal on the table but was called off. All the professional fees incurred for advising the different classes of notes holders for the various bidders since the moratorium till now the JM costs, amounted to nil results.
This is indeed pathetic and who should be culpable?...... Can there be class actions against any ? This should be what the note holders be pondering about...
The aim of having a JM is having him to advise on the best suitor out of the many offers on the table (JM is to and can decide so as to cut the so much noises) but surprisingly nothing much has progressed since it ensued, except that of refunding the deposit of $38.9m back to SMI, the first white knight which put forth a $530m rescue deal on the table but was called off. All the professional fees incurred for advising the different classes of notes holders for the various bidders since the moratorium till now the JM costs, amounted to nil results.
This is indeed pathetic and who should be culpable?...... Can there be class actions against any ? This should be what the note holders be pondering about...
n3wbie ( Date: 06-Jun-2021 14:53) Posted:
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After years of trying to restructure the debt, the final decision was to wind-up. Might as well do it earlier to save on the professional fees and leave more crumbs for us retailers.
Save billions on SIA compare to Hyflux is nothing .
Singapore' s Hyflux files for liquidation after investor talks fail
Sat, 5 June 2021, 10:08 am
Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.
Sat, 5 June 2021, 10:08 am
Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.
cobrajr ( Date: 05-Jun-2021 12:20) Posted:
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des_khor ( Date: 05-Jun-2021 13:19) Posted:
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Singapore' s Hyflux files for liquidation after investor talks fail
Sat, 5 June 2021, 10:08 am
Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.
SINGAPORE, June 5 (Reuters) - The judicial managers of Singapore' s Hyflux Ltd said they have applied to a court to liquidate the company after talks for an investment into the embattled water treatment firm failed.
" Given the negotiations with the investor for an investment in the entire Hyflux Group were unsuccessful and consequently a restructuring not possible, the continuation of the judicial management of the company is no longer necessary," the managers from Borrelli Walsh said in a stock exchange filing on Friday.
They said the remaining value of Hyflux was best realised in a liquidation, adding that remaining bids to buy the company' s individual assets could be facilitated through winding its up.
Debt-laden Hyflux, once seen as a national champion running a strategically important water source for tiny, natural resource-poor Singapore, filed for a court-supervised financial restructuring in 2018 and defaulted on its debt payments. It was placed under judicial management in November.
National water agency PUB took over the company' s key water treatment plant two years ago.
Authorities have launched an investigation into the firm and its current and former directors.
https://sg.finance.yahoo.com/news/singapores-hyflux-files-liquidation-investor-020842475.html
Sat, 5 June 2021, 10:08 am
Hyflux' s financial distress has battered the holdings of nearly 50,000 retail investors, including shareholders and bond holders, according to an investor group.
SINGAPORE, June 5 (Reuters) - The judicial managers of Singapore' s Hyflux Ltd said they have applied to a court to liquidate the company after talks for an investment into the embattled water treatment firm failed.
" Given the negotiations with the investor for an investment in the entire Hyflux Group were unsuccessful and consequently a restructuring not possible, the continuation of the judicial management of the company is no longer necessary," the managers from Borrelli Walsh said in a stock exchange filing on Friday.
They said the remaining value of Hyflux was best realised in a liquidation, adding that remaining bids to buy the company' s individual assets could be facilitated through winding its up.
Debt-laden Hyflux, once seen as a national champion running a strategically important water source for tiny, natural resource-poor Singapore, filed for a court-supervised financial restructuring in 2018 and defaulted on its debt payments. It was placed under judicial management in November.
National water agency PUB took over the company' s key water treatment plant two years ago.
Authorities have launched an investigation into the firm and its current and former directors.
https://sg.finance.yahoo.com/news/singapores-hyflux-files-liquidation-investor-020842475.html
Depends on what is left.
Staff salaries must be first to be paid off from the proceeds of the assets sale.
Staff salaries must be first to be paid off from the proceeds of the assets sale.
vicloo ( Date: 05-Jun-2021 07:14) Posted:
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Hyflux to wind up remaining value ' best realised' in liquidation
Sat, Jun 05, 2021 / 12:46 AM GMT+8
The judicial managers (JM) of Hyflux Limited, Patrick Bance and Hamish Alexander Christie of Borrelli Walsh, have filed an application to the High Court on June 4 to wind up the company.
In a filing on June 4, Bance and Christie have deemed that the objectives of the company&rsquo s judicial management are &ldquo no longer capable of achievement&rdquo and that the remaining value of Hyflux are &ldquo best realised in a liquidation&rdquo .
The pair were appointed the judicial managers of Hyflux following a ruling from the High Court on Nov 16, 2020.
According to a May 13 announcement, Bance and Christie had previously been granted an extension till July 14 to determine whether a potential restructuring of Hyflux was possible.
The pair had at least seven non-binding offers from potential investors, including one bid for an investment in the entire Hyflux Group and six bids for specific assets in the group.
Given that the negotiations with the investor interested in investing in the entire group were unsuccessful, and chances of a restructuring &ldquo not possible&rdquo , the continuation of the judicial management of the company was deemed unnecessary.The remaining six bids can be facilitated through the company&rsquo s winding up.
https://www.theedgesingapore.com/news/company-news/hyflux-wind-remaining-value-best-realised-liquidation
Sat, Jun 05, 2021 / 12:46 AM GMT+8
The judicial managers (JM) of Hyflux Limited, Patrick Bance and Hamish Alexander Christie of Borrelli Walsh, have filed an application to the High Court on June 4 to wind up the company.
In a filing on June 4, Bance and Christie have deemed that the objectives of the company&rsquo s judicial management are &ldquo no longer capable of achievement&rdquo and that the remaining value of Hyflux are &ldquo best realised in a liquidation&rdquo .
The pair were appointed the judicial managers of Hyflux following a ruling from the High Court on Nov 16, 2020.
According to a May 13 announcement, Bance and Christie had previously been granted an extension till July 14 to determine whether a potential restructuring of Hyflux was possible.
The pair had at least seven non-binding offers from potential investors, including one bid for an investment in the entire Hyflux Group and six bids for specific assets in the group.
Given that the negotiations with the investor interested in investing in the entire group were unsuccessful, and chances of a restructuring &ldquo not possible&rdquo , the continuation of the judicial management of the company was deemed unnecessary.The remaining six bids can be facilitated through the company&rsquo s winding up.
https://www.theedgesingapore.com/news/company-news/hyflux-wind-remaining-value-best-realised-liquidation
Hyflux can be solved by political will instead of investing in India!
cobrajr ( Date: 05-Jun-2021 12:20) Posted:
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$1,000,000 ??
peterwong321 ( Date: 05-Jun-2021 12:45) Posted:
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Hyflux management must answer for it ! Especially Olivia ... refuse to sell 3 years ago when company still fresh from bankruptcy can at least fetch a good price ... now company already expired liao ( rotten ) ... who will want to buy expired items ?
Got 100 lots inside already write off long ago
15k people suffering? Hell is the place for the 1 who cause it
Lobster ( Date: 05-Jun-2021 08:33) Posted:
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