Hyflux New Investor

Hyflux reorganisation plan will see heavy losses for small investors(17 Feb 2019) Hyflux's replies to Sias raise more questions ( 16 Feb 2019) SIAS's Hyflux rap: A wake-up call for corporate Singapore(13 Feb 2019)SIAS queries Hyflux chief Olivia Lum and board on remuneration, operations(11 Feb 2019). Consequently, the company's cash flows have been affected. Associate Professor Lawrence Loh, from the National University of Singapore (NUS) Business School, called the reorganisation "long overdue", as the signs were clear for some time: Hyflux's stock. Retail bond, being a relatively new asset class in Singapore, is unfamiliar to many investors and is often mis-sold as a product comparable to fixed deposit in Singapore. SIAS will be organizing a Townhall session for investors of Hyflux Notes: S$100,000,000 4. For holders of Hyflux preference shares and perpetual capital securities (perps), perhaps the most noteworthy point is that it did not declare an interim dividend on its ordinary shares. Daily Review is our daily roundup of M&A news. Do not know much of the details because the warning label says its UNLAWFUL to distribute to anyone who is not a beneficial owner of the bonds. My holding of 2,000 shares became 3,000 shares at cost. “Also, investors could be moving to what they deem as safer stocks — say within the banking sector, Public Bank Bhd is seen as more neutral compared to Maybank, under the new government,” the. Hyflux in partnership with Wildlife Reserves Singapore (WRS) and in support of a new Go Green For Wildlife campaign, launched an eco-friendly project to promote the use of refillable bottles and help reduce the generation of plastic waste from single-use bottles across all the zoological institutions under WRS. Singapore Investment Portal Where SG Share Investors Exchange Stock Market News, Review of SGX Listed Stocks & REITs, Brokerage Analyst Research Reports, Singapore Investment Blogs, SGX Market Updates, Companies Announcements and more. Hyflux is a small company in this industry and to win contracts, it has had to undercut it's competitors (much like what all tech startups do) - this was always a recipe for disaster and something I could never understand when investors lined up to invest in Hyflux. See the complete profile on LinkedIn and discover David’s connections and jobs at similar companies. Intelligent Investors Immersive Programme comes with an onboarding programme to help new investors to kickstart their investing journey. "With the support of Hyflux Board and management, swift action will be taken to bring all projects up to speed as well as take on new projects. 68 09/2014 SGD 60 mio 2. 6% notes due 2019 S$100,000,000 4. Read more > For Key Customers. Hyflux has a third potential investor in as many weeks issuing a non-binding letter of intent for its assets. If we take a simplistic view that SMI (the new investor) is coming in with S$400 million for a 60% stake, that would value the restructured Hyflux at S$666. Temasek Holdings would not allow it to happen. Singapore: Some of the investors of Singapore's beleaguered controversial water treatment firm Hyflux are planning on staging a protest at the Speakers' Corner at Hong Lim Park on Saturday. Wide array of experience ranging from creating a new Offshore Development Center for Europe based company to managing some of the best in class global engineering design center. Invest through CPFIS. Growing up as an orphan in Perak, Malaysia, Olivia Lum's entrepreneurship began early. 29 03/2015 SGD 75 mio 3. You can read more…. Secondly, examining the business model in greater detail would have alerted investors with the intrinsic challenges with the business. Debt-laden water treatment firm and genco Hyflux has received yet another non-binding letter of intent from its third potential white knight investor, which has yet to be named. The latest Tweets from Martin Lee @ Sg (@MartinLeeAtSg). Further, he said that a white knight investor cannot be an investor that only wants Hyflux and its assets or its businesses. 2017 was the first time Hyflux had suffered a full-year's worth of losses in its operating history. I don't think there's any protection for investors of hyflux ordinary shares. They are an extremely important analysis for any investor or trader. Prior to this latest turn of event, Hyflux investors had staged a public protest and planned to vote against the proposed rescue plan. Utico has clarified that 16th August 2019 is a milestone for Hyflux to announce Utico as the preferred bidder or announce another investor's name with their firm offer not subject to due diligence as asked of Utico. Hyflux's latest filing with courts proposed the cold-storage of PNPs (which got SIAS tricked) in Old Hyflux to face-off the unsecured debts and legal claims. is an investment holding company, which engages in providing water and energy solutions for communities and industries. A little more than a decade later, Hyflux Ltd became the first water treatment company to be listed on the Singapore Stock Exchange in January 2001. " Hyflux did not immediately respond to request for. Petrello, Chairman and Chief Executive Officer, and William Restrepo, Chief Financial. Richard Tay (Jun Hao), February 19, 2019. The latest Tweets from Andrew Monahan (@andrewmonahan). Updates On Reorganisation Process - Application For Extension Of Moratorium. Hyflux’s UAE investor plans to meet retail investors, asks PUB to delay Tuaspring takeover More Related ArticlesPUB has taken over the Tuaspring desalination plant… by The Straits Times May 18, 2019 PUB takes over Tuaspring desalination plant from HyfluxEmbattled water treatment firm Hyflux will lose… by The Straits Times May 14, 2019 Hyflux set to […]. Email: [email protected] The Hyflux investors at the rally opposed the new restructuring proposal by Indonesian conglomerate Salim and Medco Group, which would see shareholders losing up to 90% of their capital, while bondholders will lose up to 75%. Several Hyflux investors will be staging a protest at the Speakers' Corner in Hong Lim Park on Saturday to vent their anger over the state of affairs at the troubled water treatment company, The. Once the darling of investors, the company surprised many by defaulting on its coupon payment last May. My holding of 2,000 shares became 3,000 shares at cost. Why does Hyflux willing pay additional fund of $4. Dear Financial Horse. I’ve been following the recent Hyflux saga with much interest. Gulp, all these sounds quite ominous right? Nonetheless, with sovereign wealth fund Temasek Holdings as backer, chances of KIT share suffering the same fate as Hyflux is low. SMI said it did not agree with Hyflux's proposed allocation of the payment to creditors. This is unsurprising given its close association with Newater and that Olivia Lam was one of Singapore's entrepreneur success stories. One of the biggest lessons from the painful Hyflux saga is the need for diversification, which is as important to one's well-being as water. Sections of this page. Debt-laden water treatment firm Hyflux has received a non-binding letter of intent from Oyster Bay Fund in a race to secure a new white knight investor before the end of its extended debt moratorium at the end of this month after its termination of a S$380mil bailout deal with Indonesian. The Hyflux restructuring plan unveiled. Editor’s Notes: A majority of retail investors often fall for brand recall traps. Hyflux - Sustainable Solutions That Transform Lives. As the highest yielding retail bond launched since 2015, Hyflux's recent offering has generated great interests among investors. That means that 5 applicants have a whooping 2M SGD cash + cpf on hand to apply in this IPO. Sounds great. Roland Ang manages Hyflux's business development in the Middle East, in countries such as Saudi Arabia, Oman, the United Arab Emirates, Jordan, and Iran. Plan to avoid liquidation, keep retail investors in the books. Listen to the streaming audio from the Apple earnings call. Wet Wet Leak - Hyflux closed doors to new suitors after Salim/Medco Proposal. Hyflux is in a race to find a new investor following the inability of Hyflux and Salim-Medco Investments to complete an earlier restructuring agreement. 2% notes due 2019 SIAS and its advisor FTI Consulting & Akin Gump Strauss Hauer & Feld LLP, will be present at this Hyflux Townhall session. Utico, which recently unveiled a S$400 million binding offer White Knight investment to Hyflux, said that this bonafide endeavour of inviting retail investors for a town hall meeting was intended. Ms Lum's move yesterday was a small part of a wider development that could see a new deep-pocketed investor come on board. Amid debt issues and deal cancelations, Hyflux said operations at Tuaspring and its power plant are expected to push through as usual. Embattled water treatment firm Hyflux has disputed the reasoning from its white knight investor to excuse itself from the proposed S$530 million investment which is expected to save the company from its problems. UAE headquartered utilities company, UTICO, has signed and released a restructuring agreement with Hyflux, which will give it 88 per cent of the debt-laden water treatment firm. 2 million in losses in the first quarter of 2018. Hyflux's Fall. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. Aeromexico. SIAS clears position on Hyflux restructuring deal 30 Sep 2019 - Singapore Business Review The association clarifies that it is not backing the deal "at this stage". The landmark deal would also place Utico and Hyflux with their joint capabilities and abilities in a stronger position and also create synergies for cost savings and new offerings. The troubled water firm on Aug 16 said it would engage exclusively with white knight Utico until Aug 26 as its negotiations were the most advanced among all potential investors. Hyflux Ltd is a fully-integrated water solutions company and among the top global desalination plant providers. There is nothing to be ashamed about, to seek a government assistance because this is a symbolic local brand that sank with over 50,000 investors, and it is unlikely to be a money-losing venture for the authorities. I've been following the recent Hyflux saga with much interest. For example, where there had been a price run-down, responses from issuers in Hong Kong that provided no new explanation, partial new explanation and detailed new explanation all elicited a market reaction, while responses from Singapore issuers that provided no new explanation and partial new explanation did not elicit any market reaction. Watch Out for Hyflux's Omission of Ordinary Dividends Hyflux announced its half year financial results last month. 0% annual “dividend. The use of the name “Securities Investors Association (Singapore) ” and its logo, as well as photographs and information of clients, shall not be used or reproduced in any way for any print or electronic publication, media, and merchandise, or for any other purpose, commercial or otherwise, without the express permission from an authorised. The Singapore-based water treatment system provider will jointly invest in and develop the plants with the country’s General Desalination Company. The Monetary Authority of Singapore has earlier literally abandoned the investors, with a drop line saying:. See more of Hyflux Retail Investor Group on Facebook. With the revelation of the financial health of last Fiscal Year, potential suitor is now assessing if they should go public to make a hostile offer. I will be more concerned with the current shareholders. Say NO to Salim. But until Hyflux announces their asset sale, it certainly looks like Hyflux will be under pressure. Good leadership is the key to corporate success. 0% It looks like out of all the securities listed on the SGX, I just so happen to go out of my way and spend my time and effort to publicly shit all over 2 companies (Noble and Hyflux), way in advance before they go bust. 11 Mar 2011. Hyflux described the potential investor as a developer and owner of water. “The new investor isn’t a white knight when it only wants the assets but not the debt,” said Seow, a home-maker in her 50s who owns Hyflux shares and bonds, and intends to vote against the deal. I have always been concerned by how Hyflux kept borrowing money (and why their cost of borrowing was always relatively high in an environment of very low interest rates). Debt-laden water treatment firm and genco Hyflux has received yet another non-binding letter of intent from its third potential white knight investor, which has yet to be named. If you'd like us to keep you up-to-date with our news, please fill in the following form to register with us. Let's take a look at the preference shares offered by the banks here:. investor HOME ARTICLES STOCK QUOTE PRICE TARGET. Temasek Holdings would not allow it to happen. As it continues its search for a new rescue investor to meet billions in liabilities, Hyflux sought for yet another extension of its debt moratorium on Friday. 00 prices may either explore the merits of having a stop-loss plan (internalise), or start to "run" the company by questioning why Hyflux management took on so much debt, why expand so aggressively, why venture to "risky" countries (on hinsight), etc (externalise). The investor, whose identity was not revealed, has shown interest in acquiring Hyflux. 0m, also up nearly 5% QoQ, boosted by EPC revenue from the TuasOne Waste-to-Energy (WTE) project and the Qurayyat Independent Project (QIWP). This one is a little controversial in that you could lose money through bad investment rather than build your CPF. Hyflux's investor reviewing terms of restructuring plan due to ‘new material information’ The headquarters of Singapore water treatment firm Hyflux on Bendemeer Road. The High Court of Singapore agreed April 25 to a 30-day extension of troubled environmental solutions company Hyflux Ltd's debt moratorium. On March 30, a planned protest against Hyflux's restructuring plans took place at Hong Lim Park from 3pm to 4pm, consisting of the. SIAS met with the directors of Hyflux on 16 September 2019. About • Vikas is a performance-driven professional having over 28 years of experience in P&L management, Business Development, Project Management, EPC and Project development, in Solar PV industry, Chemicals, thermal power, Steel, Heavy Engineering Industries, seawater desalination and water treatment, Gypsum board manufacturing and other industrial infrastructure development projects with a. NOTICE: You have clicked on a link which leaves POEMS website, and you will be redirected to a third party website. Unsecured creditors will get S$232 million and 27 percent of the shares, while ordinary shareholders will receive 2. This step up is intended to be punitive in nature so that investors can price Hyflux's Perps as if it is a 4 year bond. Hyflux - Sustainable Solutions That Transform Lives. Angry investors stormed the Hong Lim Park Speakers’ Corner yesterday (30 Mar), demanding “justice” for their investment losses due to the collapse. Background of Ms Olivia Lum Ms Olivia Lum is the first female World Entrepreneur of the Year 2011. Temasek taking over Olam). It was revealed. Prices of. Hundreds Protest Against Hyflux Restructuring Deal and PUB’s Tuaspring Takeover. Announcements, rumors, insights, and data before your morning coffee. 8 billion ($2. Hyflux investors could end up losing 90 percent of their capital in upcoming restructuring. News News - A new plan is on the table for debt-stricken Hyflux that could see it avoid liquidation and keep the 34,000 retail investors "whole in its books", an investor watchdog said yesterday. Hyflux’s partner in the two projects is the state-owned Algerian Energy Co. SINGAPORE — Hyflux said it has received a non-binding letter of intent for a possible injection of S$400 million from a potential investor in the Middle East. October 10. Hyflux preference shares (up to $200 million) will be offered to the public at $100 per share giving 6% pa yield. December 2009. The deal is subject to regulatory and other approvals. A little more than a decade later, Hyflux Ltd became the first water treatment company to be listed on the Singapore Stock Exchange in January 2001. As the Western governments look to crack down on tax havens, the money moves elsewhere. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. 1 billion) of unsecured claims and default notices, had called for senior creditors to take a 75 percent haircut, while retail investors faced. Information about Investor 1 Resident Visa. Refuting SMI’s claims of being “surprised” by Hyflux’s move, the water treatment company said in a near-midnight statement that it. 11, 2019 /PRNewswire/ -- Nabors Industries Ltd. The fall from grace of one of Singapore's homegrown companies, and the entire restructuring process, has been incredibly informative because it will likely serve as a template for future restructurings in Singapore where retail investors are involved. The applications will be heard in court on Sept 30, when the previous extension expires. However, it cautioned: "There can be no assurance that [Hyflux] will be successful in securing a new investor, or in finding a viable alternative to execute the restructuring. 8 billion ($2. Hyflux was not available for comment at the time of writing. Investors who applied 50,000 units has 60% chance of being allotted 5,200 units. (NYSE: NBR) invites you to join Anthony G. SINGAPORE: For every S$1,000 invested, a holder of Hyflux’s perpetual securities and preference shares will recover S$106. The dollar amount of your new Admiral Shares will equal the dollar amount of your original Investor Shares. We update our property forecasts to account for a potential Hyflux Membrane rental default. New white knight to infuse S$400 million into Hyflux in the offing as CEO Olivia Lum offers to draw a S$1 yearly salary. Hyflux’s scheme of arrangement intends to bind the company and its creditors to a restructuring arrangement. Hyflux 6% CPS with banker chip indicator. 2 million in losses in the first quarter of 2018. Will Hyflux be delisted? There are no plans to delist Hyflux Ltd. 5 million) they plonked down in the troubled Singaporean water and power firm’s preference and perpetual shares. Any new investor will want to strike PNP off the balance sheets (as much as possible). Editor at Bloomberg in Hong Kong. However, it added that "there can be no assurance that the company will be successful in securing a new investor or in finding a viable alternative to. SM had earlier proposed injecting S$530 million into Hyflux in new equity, loan and working capital, according to a plan unveiled in October. Gulp, all these sounds quite ominous right? Nonetheless, with sovereign wealth fund Temasek Holdings as backer, chances of KIT share suffering the same fate as Hyflux is low. A total of 34,000 retail investors had invested $900 million in these securities. The domain hyflux. Hyflux needs a binding term sheet and agreement by May 29, the date of the end of a court-granted moratorium that was extended by five days. 6% 2019 – 6 months bond price – did not move since Oct, while shares and retail bonds in free fall. 1 billion) of unsecured claims and default notices, had called for senior creditors to take a 75 percent haircut, while retail investors faced. Hyflux in dark final chapter Hyflux saga is so bad its good Does Hyflux deserve a comeback like OSIM? SembCorp Industries should invest in Hyflux The holy water of Hyflux Perpetual Securities To be frank, I am not sure whether the prolonged Hyflux saga is a good thing for investors. I was setting up the stage for LP mini bond for my parents' friend for 20k, so naturally I've to do some homework. In today's Take Stock, I want to share the lessons investors can take away from the company's recent saga. Richard Tay (Jun Hao), February 19, 2019. Hyflux's UAE investor plans to meet retail investors, asks PUB to delay Tuaspring takeover More Related ArticlesPUB has taken over the Tuaspring desalination plant… by The Straits Times May 18, 2019 PUB takes over Tuaspring desalination plant from HyfluxEmbattled water treatment firm Hyflux will lose… by The Straits Times May 14, 2019 Hyflux set to […]. I don't think hyflux has it. Regardless, let's see if this is worth looking into. The Business current operating status is live with registered address The Business principal activity is in ADVERTISING ACTIVITIES. Hyflux Ltd (SGX: 600) Hyflux Ltd is a global provider of fully-integrated water, power and environmental solutions to municipalities, governments, and industrial customers. Struggling Singaporean water treatment company Hyflux has been granted a month-long extension to its moratorium after the collapse of its restructuring plan earlier this month, while it enters discussions with various overseas investors. " Hyflux did not immediately respond to request for. PwC Corporate Reporting Awards (Integrated Annual Report 2017) – Listed Global Business Companies. The investor, whose identity was not revealed, has shown interest in acquiring Hyflux. For bonds and perpetual securities investors, Hyflux might be able to redeem the loans if they can liquidate their assets or if there are new investors who inject funds into the company. 26 per cent share of the reorganised company. Watch Out for Hyflux's Omission of Ordinary Dividends Hyflux announced its half year financial results last month. SG investors. SINGAPORE -- Hyflux creditors will ask the Singapore High Court to appoint new managers to guide a restructure of the troubled water treatment company. Recent Comments. If not, the situation will be bad also. THIRD ROUND OF TOWNHALL MEETING. Utico, a UAE-based utilities major, has offered a town hall meeting in the coming days to perpetual bonds and preference shares investors (PNP) of Singapore-based global environmental solutions company Hyflux. " No taxpayer. Create New Account. Similarly, 50-something homemaker Violet Seow, a shareholder and bond holder in Hyflux, told Bloomberg that she will most likely be voting against the new deal, as "Hyflux may not even survive that long for retail investors to collect any recovery". View David Chen’s profile on LinkedIn, the world's largest professional community. Hyflux in partnership with Wildlife Reserves Singapore (WRS) and in support of a new Go Green For Wildlife campaign, launched an eco-friendly project to promote the use of refillable bottles and help reduce the generation of plastic waste from single-use bottles across all the zoological institutions under WRS. According to. 6 cents on the dollar. , there are 34,000 investors, set to lose most – if not all – of the S$900 million ($665. Utico is said to have a reputable track record in the water and power industries. The latest Tweets from Martin Lee @ Sg (@MartinLeeAtSg). Hyflux reorganisation plan will see heavy losses for small investors(17 Feb 2019) Hyflux's replies to Sias raise more questions ( 16 Feb 2019) SIAS's Hyflux rap: A wake-up call for corporate Singapore(13 Feb 2019)SIAS queries Hyflux chief Olivia Lum and board on remuneration, operations(11 Feb 2019). Wide array of experience ranging from creating a new Offshore Development Center for Europe based company to managing some of the best in class global engineering design center. Apr 09, 2019 · In Hyflux Ltd. com 0 tag:blogger. On Monday, investment watchdog Securities Investors Association (Singapore), or SIAS, said after a meeting with Hyflux representatives that the firm is coming up with a plan to avoid liquidation and keep its retail investors in its books. GLCs, Chinese/Japanese Conglomerates, or foreign sovereign funds) OR there is a change-in-control of Hyflux and the new majority investor is highly-reputable (eg. In my last blog post on the subject, I had mentioned that. submit a new proxy form to the meeting agent, Boardroom Corporate & Advisory Services Pte. Third Quarter 2019 Earnings Conference Call Invitation Oct 11, 2019. Secondly, examining the business model in greater detail would have alerted investors with the intrinsic challenges with the business. Hyflux recently announced plans to offer a 6% cumulative, non-convertible, non-voting, perpetual preference shares to raise funds. As Retail Investor; The Only Reason Why We Need To Pick As Many Stocks As Our Account Size Permits Across Market Cycles Of Bulls And Bears New Housing Grants 2019. Any new investor will want to strike PNP off the balance sheets (as much as possible). Just review the week, for instance, and the ugly US midterm elections and the anger in the air that has not spared even Singapore as we read about some website and Facebook who would not back down from anti-Singapore government rhetoric. " No taxpayer. This was an asset built with PNP money. SINGAPORE: For every S$1,000 invested, a holder of Hyflux's perpetual securities and preference shares will recover S$106. Gulp, all these sounds quite ominous right? Nonetheless, with sovereign wealth fund Temasek Holdings as backer, chances of KIT share suffering the same fate as Hyflux is low. 7 per cent, under the company's newly announced restructuring proposal. SINGAPORE — Hyflux said it has received a non-binding letter of intent for a possible injection of S$400 million from a potential investor in the Middle East. See more of Hyflux Retail Investor Group on Facebook. The company operates through two segments, Municipal and Industrial. Its new yard in Espirito Santo is also expected to benefit from growing demand for deepwater rigs, production units and ship repair services. Read more > For Creditors. The company revealed the development in a Singapore Exchange announcement yesterday afternoon (15 May), during which it indicated that the potential new investor is the. 04% of $500 million for BTWZ) and given the likelihood that the coupon for the new issuance will be higher than 6% pa, there is not much advantages to redeeming N2H. Like many mom-and-pop investors who put their life savings into it, "we feel abandoned and sacrificed," she said. Welcome! | Site: paktua73 hope got new life back tut tut stuck huge. You can sign up for additional subscriptions at any time. is an investment holding company, which engages in providing water and energy solutions for communities and industries. NOTICE: You have clicked on a link which leaves POEMS website, and you will be redirected to a third party website. On Monday, investment watchdog Securities Investors Association (Singapore), or SIAS, said after a meeting with Hyflux representatives that the firm is coming up with a plan to avoid liquidation and keep its retail investors in its books. The fact of the matter is, despite this, they are unlikely to get back much from their investment in hyflux because the company doesn't have many assets left compared to the amounts they owe. The company operates through two segments, Municipal and Industrial. It is a must that a fair and quick resolution is found for investors in the preference shares and perpetual bonds. Elsewhere this week in news on Singapore companies that had previously stumbled, investors were told of the potential for new foreign owners in the city state’s troubled. is an investment holding company. 11, 2019 /PRNewswire/ -- Nabors Industries Ltd. SIAS will be organizing a Townhall session for investors of Hyflux Notes: S$100,000,000 4. The issuance expenses was SGD 5. P/S – I am not an investor of Hyflux’s bonds. io ~ Where SG Investors Share. Key News Of Interest To Ford Investors. The Switzerland of Asia. Ever since, Saudi has struggled in it's oil sales, has run out cash, is busy selling it's top most companies, has run 6 years of budget deficit while borrowing tens of billions ev. sg Hyflux and its former white knight SM Investments (SMI) have clashed over what led to the death of a $530 million restructuring deal. The Securities Investors Association (Singapore) (SIAS) has clarified that it does not back Hyflux's restructuring agreement as the company has yet to reach a finalised deal, it said in a media statement. SIAS is encouraged by the efforts put in by Hyflux in its negotiations with potential investors and the progress achieved with Utico. Hyflux - OCBC Securities 2015-09-16: Secures WTE project in Singapore. Its new yard in Espirito Santo is also expected to benefit from growing demand for deepwater rigs, production units and ship repair services. Oh yes, KIT also owns a 70% stake in SingSpring Desalination Plant, which was built by Hyflux. The review adds another complication for Hyflux, which is under a court-supervised restructuring process, and recently had a rescue by an Indonesian investor called off, throwing its future into doubt. hyflux latest news Announcements & News Releases. For Hyflux investors, even those ordinary shareholders, we need you. A lot of investors thought they were investing in "water" sector at the desalination plant, but Hyflux was actually betting on the "energy" market when it won the bid for the desalination project at Tuaspring. Plastic Omnium is committed to technological innovation within the transportation sector and I see much value in this partnership. on Thursday, 29 August 2019 to Eligible Unitholders (as defined herein) (fractions of a New Unit to be disregarded) at an issue price of S$0. The company has announced a new tranche of retail perpetual securities which will offer a 6% yield and is callable after 4 years. Check out HYFXF's investor sentiment based on 35,216 active investor portfolios. 500 Payouts since then: $0. The downfall of Hyflux had caused major suffering to many Singaporean investors whom had invested their hard earned money for the preferential shares and perpetual securities. Bankrupt Singaporean water treatment company Hyflux has filed for a new two-month extension on its debt moratorium to the Singapore courts institutional investors. Hyflux, a Singapore-based, environmental solutions company, aims to provide cost-effective solutions that contribute to resource optimization and sustainable growth for the communities and industries it serves by way of its water recycling and desalinization plants. There is nothing to be ashamed about, to seek a government assistance because this is a symbolic local brand that sank with over 50,000 investors, and it is unlikely to be a money-losing venture for the authorities. Because the institutional investors that bought Hyflux perps are powerful enough to make the Hyflux BOD fear reprisals from them, if the redemption was not done. See why Hyflux Ltd (HYFXF) investor sentiment is neutral in comparison to other stocks in the Basic Materials sector. Hyflux singapore latest news keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. The majority will go to SM Investments, a consortium of Indonesian companies. In a submission to TOC on Sun (31 Mar), a disgruntled Hyflux perpetual capital securities investor had shared what he deemed to be “very important information that was not revealed in the prospectus”, that is the firm’s failure to disclose Tuaspring’s status as “a genco with a minor. In a court hearing, it. According to. The downfall of Hyflux had caused major suffering to many Singaporean investors whom had invested their hard earned money for the preferential shares and perpetual securities. Your are interested in Bayer as a new investor? On this page you find helpful links to information on the company and our shares, latest financial reports and key figures, news and events, corporate governance, sustainability and services for investors. In the last 12 months, Hyflux has begun to redeem some of its perps. This is a strong testament to the underlying value in Hyflux business operations that many experienced businessmen still see in it. Our Conversation. Another investor who bought Hyflux at above $2. Hyflux & Tuaspring: How a business giant came undone,'A big shock’: Retail investors in Singapore caught out by Hyflux woes,'A big shock’: Retail investors in Singapore caught out by Hyflux woes,SIAS raises questions about Hyflux CEO’s remuneration amid financial troubles,I am deeply saddened for the pain and loss suffered by investors lenders: Hyflux CEO,I am deeply saddened for the. As it continues its search for a new rescue investor to meet billions in liabilities, Hyflux sought for yet another extension of its debt moratorium on Friday. ESR-REIT - OCBC Investment 2019-04-10: Forecasts In Flux. com,1999:blog-1116715919006939960. They could come in as a strategic investor or be the buyer for the Tuas Plant. SINGAPORE -- Hyflux creditors will ask the Singapore High Court to appoint new managers to guide a restructure of the troubled water treatment company. If success has many fathers, failure in financial markets is no orphan either: It almost always ends up in the lap of retail investors. Nothing new why they expect citizens to pay overpriced HDB when it will become Zero Value when expired! Gong Kia still Trust and let them push you around. "The deal finds a resolution for creditors and PNP investors and development projects that have been languishing since the. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. PwC Corporate Reporting Awards (Integrated Annual Report 2017) – Listed Global Business Companies. I’ve been following the recent Hyflux saga with much interest. This was no typical business failure", published in The Business Times on March 26. without a proposal, citizen have no choice in selection. Sections of this page. Hyflux Announces Significant Investments In Advanced Manufacturing, Technology Commercialisation And Expansion Of New ELO Business Line 23 Jan 2017 Notice Of Redemption To Holders Of The S$300,000,000 5. Singapore—In what seems like a ray of hope for the 34,000 retail investors who stand to lose the money they had put into embattled water treatment firm Hyflux, the company’s would-be white. (Bloomberg) -- A rare public protest in Singapore on Saturday underscored mounting anger among investors set to suffer sharp losses in one of the country’s highest-profile corporate debt restructurings. e stop order, limit order and market order. If not, the situation will be bad also. In Hyflux Ltd. Meaning as a public shareholder, I have a buffer of up to 30% on earnings. In it, it stated the current management will be retained. And this happens when retailers did not do their home work. Dear Stakeholders, We apologise for the inconvenience caused. is an investment holding company. The focus now is to clear its debt obligations so that it can still be in business. Both referring to myself as well as that of Hyflux. However, it cautioned: "There can be no assurance that [Hyflux] will be successful in securing a new investor, or in finding a viable alternative to execute the restructuring. This should be a good gauge for people who are looking for safe investments. , there are 34,000 investors, set to lose most - if not all - of the S$900 million ($665. For Hyflux investors, even those ordinary shareholders, we need you. This is actually quite pathetic but you can see that the Issuer favoured "smaller applicants" whereby the more you apply, the lower the chances. 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. SINGAPORE: Singapore’s individual investors have been burnt by water treatment firm Hyflux Ltd. THE BUSINESS TIMES Hyflux - Find Hyflux News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. "With the support of Hyflux Board and management, swift action will be taken to bring all projects up to speed as well as take on new projects. Hyflux has been the talk of the town lately due to its cash flow problems which triggered a restructuring process. I will support Hyflux’s restructing plan if the investor is Temasek or GIC, not any foreign investor because we should allow foreigners to control our two most important water taps– the desalination plants and NEWATER, otherwise we have nothing to counter Mahathir’s repeated threat on our water supply. Having assumed a Hyflux Membrane default after 1Q19, a full drawdown in the security deposit and a gradual recovery in occupancy thereafter, our fair value drops from S$0. Social Business Plan. "It is a must that a fair and quick resolution is found for investors in the preference shares and perpetual bonds. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. i think the argument of the investors is that (1) they were led by Govt or Govt linked companies to believe that this is a sound investment, (2) it was Govt's policies that changed the operating environment of Hyflux, (3), and therefore Govt must intervene to ensure that they as junior class investors get a bigger share of the bail out money. com New home loan takers to gain instantly from RBI cut Mutual funds and institutional investors are still wary. While there was news about Hyflux’s weakened financial position over the years, semi-annual distribution payments have remained prompt, said the retail investor in her 60s who preferred not to. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. Furthermore, that something that they could receive may well involve shares in whatever new entity which could emerge from the restructuring, which means that if the company’s debts are eventually taken off its books, a reborn and possibly debt-free Hyflux’s shares might be expected to perform well over time. GLCs, Chinese/Japanese Conglomerates, or foreign sovereign funds) OR there is a change-in-control of Hyflux and the new majority investor is highly-reputable (eg. (NYSE:BBY), a leading provider of consumer electronics products and services, will host an investor conference this afternoon to provide a more detailed overview of its Best Buy 2020: Building the New Blue growth strategy and discuss the company’s long-term financial outlook. Dear Financial Horse. Also, considering that this is a perpetual issue, the move to step up to 8% pa after 2018 will certainly attract many investors. The High Court yesterday allowed debt-ridden water treatment firm Hyflux two more months of reprieve from its creditors - until Aug 2 - as the company continues to work with several investors to. Utico is said to have a reputable track record in the water and power industries. Hyflux Ltd began in 1989 as Hydrochem (S) Pte Ltd, a trading company selling water treatment systems in Singapore, Malaysia and Indonesia and later, China. Read more > For Creditors. Information about Investor 1 Resident Visa. If it ignores this project, Hyflux would have been profitable in the Q12108.