Angcheek Hypersonic April 8, 2019 Share April 8, 2019 MAS clears DBS of 'impropriety' in May 2016 sale of $500m in Hyflux perpetual securities https://www.straitstimes.com/business/companies-markets/hyflux-mas-clears-dbs-of-impropriety-in-may-2016-sale-of-500m-in so far ... not MAS fault not DBS fault not PUB fault not EMA fault hokay ... THose not State assets ? tmr if Hyflux sold off the water plant also can ? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic April 13, 2019 Share April 13, 2019 https://forums.hardwarezone.com.sg/eat-drink-man-woman-16/%5Bgpgt%5D-hyflux-investors-call-sinkies-selfish-stopping-gov-helping-them-6016789-267.html See the post by Texas5ice 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 14, 2019 Share April 14, 2019 So called "investors" never learn from pass cases. Corporate bonds at 5% (or more) come with risks, even when it got brand name, or distributed by branded banks. These are not US Treasury Notes (you always get repaid - US can just print money to pay you!). They have forgotten about "minibonds" already. Hopefully, the investors get their just desserts. Its only fair Link to post Share on other sites More sharing options...
Vratenza Supersonic April 16, 2019 Share April 16, 2019 What are they thinking?! https://www.channelnewsasia.com/news/business/hyflux-sues-sm-investments-for-repudiation-of-rescue-deal-11447046 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic April 16, 2019 Share April 16, 2019 Their lawyers all very happy! Can buy their next Falali 1 Link to post Share on other sites More sharing options...
Enye Hypersonic April 18, 2019 Share April 18, 2019 wah...cwt quite big logistics player in sg leh anyone put 1million into this company sg bond? CWT International faces asset seizures after defaulting on loan PublishedApr 17, 2019, 5:00 am SGT Facebook Twitter Email HONG KONG • CWT International, controlled by HNA Group, failed to pay interest on a HK$1.4 billion (S$242 million) facility, prompting lenders to demand immediate repayment of the loan, it said yesterday. The Hong Kong-listed company will have to make good on the payment by 9am today to prevent lenders from taking action, it said in a statement to the Hong Kong Stock Exchange. Failure to settle the loan by then will allow the creditors to take possession of all charged assets, including its shareholding of subsidiary CWT, properties in Britain and the United States, and golf courses in China, it said. The charged assets represent a "vast majority" of its total assets, which stood at HK$24.6 billion as of the end of last year. CWT International's parent HNA Group was one of China's most acquisitive firms until it began facing liquidity challenges and pressure from the government. It has agreed to sell over US$25 billion (S$34 billion) of assets, ranging from property to big shareholdings, since last year. Despite that, it still struggles to repay its debt. The group repaid a local note after a delay last month. CWT International, engaged in logistics and financial services, has been actively negotiating with the lenders to work out other arrangements for the repayment due under the facility agreement, it said. But the default led to a cross default under a term loan facility, which has about HK$766 million outstanding, it said. Trading in CWT International shares remained suspended. CWT, a unit under CWT International, has a $100 million note due tomorrow and a bond of the same amount due next March, according to data compiled by Bloomberg. An auditors' report contained in CWT International's 2018 annual results said there could be "material uncertainties" within the firm that "may cast significant doubt on the group's ability to continue as a going concern". "We hold the view that CWT will pay its Singapore dollar bonds due on April 18 as CWT holds assets and has ongoing businesses," said OCBC Bank credit analyst Ezien Hoo. "But its parent defaulting may complicate the process and there may be delays." 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic May 18, 2019 Share May 18, 2019 PUB takes over Tuaspring desalination plant from Hyflux SINGAPORE - National water agency PUB has taken over the Tuaspring desalination plant from troubled firm Hyflux on Saturday (May 18). The transfer came after the water purchase agreement with Tuaspring was terminated on Friday. PUB said in a statement on Saturday that the move was "to safeguard Singapore's water security". https://www.straitstimes.com/business/pub-takes-over-tuaspring-desalination-plant-from-hyflux 1 Link to post Share on other sites More sharing options...
Vratenza Supersonic May 18, 2019 Share May 18, 2019 Now all the "white knights" start appearing....all just have one thing on their mind.....lelong bargain. What white knight.....they don't do charity. PUB takes over Tuaspring desalination plant from Hyflux https://www.straitstimes.com/business/pub-takes-over-tuaspring-desalination-plant-from-hyflux Link to post Share on other sites More sharing options...
Didu Supercharged June 16, 2019 Share June 16, 2019 China state-owned firm's unit eyeing Hyflux assetshttps://www.straitstimes.com/business/china-state-owned-firms-unit-eyeing-hyflux-assets What do you think of China controlling part of our water supply? Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 16, 2019 Share June 16, 2019 China state-owned firm's unit eyeing Hyflux assets https://www.straitstimes.com/business/china-state-owned-firms-unit-eyeing-hyflux-assets What do you think of China controlling part of our water supply? In a game of soccer, the street kids would have the advantage over the scholars. But in a game of chess, the scholars have the obvious advantage. And scholars are pretty good at chess although not as good as before. Link to post Share on other sites More sharing options...
Mustank Hypersonic June 16, 2019 Share June 16, 2019 China state-owned firm's unit eyeing Hyflux assets https://www.straitstimes.com/business/china-state-owned-firms-unit-eyeing-hyflux-assets What do you think of China controlling part of our water supply? I though pub took back the water plant? Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 16, 2019 Share June 16, 2019 I though pub took back the water plant? Heehee....... Bro, in a game of chess, i let you eat my Pawn no problem but in exchange, your Queen’s taken. It’s pefectly fine. Here, take another pawn, on the house. Muayhahahahahaha...... 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 31, 2019 Share October 31, 2019 (edited) how could a darling turn into this state ... haiz ... we are already willing to drink our pee and sai ... why still fail? Edited October 31, 2019 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 31, 2019 Share October 31, 2019 Do business , whatever business cannot be too aggressive and cannot roll on largely borrowed money. Basic rules Link to post Share on other sites More sharing options...
Ash2017 Twincharged October 31, 2019 Share October 31, 2019 7 hours ago, Throttle2 said: Do business , whatever business cannot be too aggressive and cannot roll on largely borrowed money. Basic rules If you know Ms Lum, she is extremely aggressive, every project she bets everything she have (Hyflux) and put on the table as collateral. This is one time she got caught out. 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic October 31, 2019 Share October 31, 2019 Heng I didn’t buy 1 Link to post Share on other sites More sharing options...
Neost 6th Gear November 1, 2019 Share November 1, 2019 1 hour ago, Ash2017 said: If you know Ms Lum, she is extremely aggressive, every project she bets everything she have (Hyflux) and put on the table as collateral. This is one time she got caught out. I guess she gets a bit carried away by her previous success. 1 Link to post Share on other sites More sharing options...
MQX87511 5th Gear December 3, 2019 Share December 3, 2019 On 11/1/2019 at 7:31 AM, Ash2017 said: If you know Ms Lum, she is extremely aggressive, every project she bets everything she have (Hyflux) and put on the table as collateral. This is one time she got caught out. wonder how come hyflux still can survive ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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