Fuck You Hyflux

[555]

SINGAPORE, July 9 (Reuters) - Singapore said on Monday it will call tenders to build an integrated water reclamation plant and waste management facility in Tuas district for more than S$5 billion (US$3.69 billion) over the next five years.

The project, named Tuas Nexus, will integrate used water and solid waste treatment processes at the island state's western edge, Singapore's national water agency and national environment agency said in a joint statement. The tenders for the water reclamation plant will comprise 11 construction tender packages worth over S$2 billion to build support infrastructure, pumping stations, treatment facilities, it said. The tenders for the waste management facilities valued at over S$3 billion will include the construction of an electrical substation, it said.

http://news.trust.org//item/20180709102235-faa92

 

[virus]

The tuas plant is,about 30-40 pct up target ready bu 2019. What's there to call for tender?

 

[SgGoneWrong]

The tuas plant is,about 30-40 pct up target ready bu 2019. What's there to call for tender?

Wayang in the name of transparency and fair system?

 

[Hypocrite-The]

The tuas plant is,about 30-40 pct up target ready bu 2019. What's there to call for tender?

Good point. Isn't it done by hyflux? And if called for tender also means a foreign company will do it. Which local company can get it done?

 

[virus]

it's a 75% hyflux and 25% mitsubishi heavy industries

 

[555]

The contents of article lacks merits but it is published. Looks like the state wants to create pressure to FUCK HYFLUX into submission.
Hahah

Hyflux founder must be ready to accept offers below book value
Anthony Goh Tee Kow
https://www.straitstimes.com/forum/...st-be-ready-to-accept-offers-below-book-value

 

[bobby]

This Olivia and Ho are lesbo partners.....

 

[555]

Is the article hinting that the principal is gone case?

Insolvency limbo
https://www.businesstimes.com.sg/brunch/insolvency-limbo-the-sgd-bond-market

Hyflux is seeking to restructure S$900 million in face value of perpetual securities and perpetual preference shares and will soon make contact with retail investors. The pain here could cut deep as investors were allowed to use their Central Provident Fund (CPF) savings to ballot for Hyflux's S$400 million preference share offering in 2011.

 

[Seee3]

Is the article hinting that the principal is gone case?

Insolvency limbo
https://www.businesstimes.com.sg/brunch/insolvency-limbo-the-sgd-bond-market

Hyflux is seeking to restructure S$900 million in face value of perpetual securities and perpetual preference shares and will soon make contact with retail investors. The pain here could cut deep as investors were allowed to use their Central Provident Fund (CPF) savings to ballot for Hyflux's S$400 million preference share offering in 2011.

Think from another angle what does this means, if the company is subsequently bought over by ... below book value.

 

[555]

Think from another angle what does this means, if the company is subsequently bought over by ... below book value.

SP Group makes about 1 billion annually.
https://www.theonlinecitizen.com/20...3-years-under-the-electricity-tariff-formula/

If you are Malaysia or Maybank, can take over Hyflux's desal plant cheaply by asking for full loan-repayment, and then Mahathir can fuck Singapore's water supply.

If you are Singapore, don't even need to buy, just force Hyflux to go bust and PUB will automatically take over the facility because it affects our water supply.

So Singapore or Malaysia are all happy to see Hyflux die.

 

[Seee3]

SP Group makes about 1 billion annually.
https://www.theonlinecitizen.com/20...3-years-under-the-electricity-tariff-formula/

If you are Malaysia or Maybank, can take over Hyflux's desal plant cheaply by asking for full loan-repayment, and then Mahathir can fuck Singapore's water supply.

If you are Singapore, don't even need to buy, just force Hyflux to go bust and PUB will automatically take over the facility because it affects our water supply.

So Singapore or Malaysia are all happy to see Hyflux die.

Agreed. It will never go to Maybank. Looking specifically at CPF money alone, it is a great way of transferring ....

 

[syed putra]

SP Group makes about 1 billion annually.
https://www.theonlinecitizen.com/20...3-years-under-the-electricity-tariff-formula/

If you are Malaysia or Maybank, can take over Hyflux's desal plant cheaply by asking for full loan-repayment, and then Mahathir can fuck Singapore's water supply.

If you are Singapore, don't even need to buy, just force Hyflux to go bust and PUB will automatically take over the facility because it affects our water supply.

So Singapore or Malaysia are all happy to see Hyflux die.

Hyflux go bust, its not PUB that takes over. But receivers. The court will decide its fate if no buyers.

 

[555]

DBS's fat ED got his promotion because he peddled the Hyflux 4.25% bonds, Preference Shares and Perpetual Bonds to their bank clients and public.

Motherfucker conjob.

 

[555]

With Mahathir Next Door, Singapore’s Water Baby Needs a Lifeboat
Ensuring Hyflux’s desalination plant stays in safe hands is critical.
https://www.bloomberg.com/view/arti...-door-singapore-s-water-baby-needs-a-lifeboat

Whether Hyflux Ltd. sinks or swims will matter to creditors and shareholders. The strategic stakes, though, are far higher, making sure the Hyflux plant is owned until 2038 by a friendly buyer could become an issue of national security. (After 2038, the facility will be owned by the Public Utilities Board, or PUB.)

Malaysian state-owned lender Malayan Banking Bhd. has got Hyflux to agree to sell its interest in subsidiary Tuaspring Pte’s integrated water and power project by mid-October. By Dec. 11, Maybank, the sole secured creditor to the project, wants the deal approved by the PUB and the Singapore High Court, if required.

Maybank is the one fucking Hyflux!!! hahaha

 

[555]

With Mahathir Next Door, Singapore’s Water Baby Needs a Lifeboat
Ensuring Hyflux’s desalination plant stays in safe hands is critical.
https://www.bloomberg.com/view/arti...-door-singapore-s-water-baby-needs-a-lifeboat

So how does Singapore ensure the plant stays in safe hands? A template may exist in the resolution of SMRT Corp., whose minority shareholders were bought out in 2016 by state investment firm Temasek Holdings Pte, effectively nationalizing the island’s stoppage-prone main subway operator(after making it offload trains and signaling systems to the transport regulator).

If SMRT’s problem was systematic underinvestment, Hyflux’s weakness is an overstretched balance sheet. By helping it shed some of its debt load, Singapore can consolidate the existing fragmented ownership of critical water assets. SingSpring, which was Singapore’s first desalination plant, is 70 percent owned by publicly traded Keppel Infrastructure Trust. Hyflux controls the remaining 30 percent.

Hyflux may not have a direct link to the government. But its business of water is as much the state’s headache as the subway network. A joint 70:30 bid by Keppel Infrastructure Trust and PUB for Tuaspring would see off Maybank and make the state’s control foolproof. Additionally, PUB could buy Hyflux’s residual 30 percent share of SingSpring, hydrating the thirsty water firm with some more liquidity.

FUCK OFF MAYBANK, FUCK OFF MAHATHIR. FUCK OFF MALAYSIA

 

[555]

With Mahathir Next Door, Singapore’s Water Baby Needs a Lifeboat
Ensuring Hyflux’s desalination plant stays in safe hands is critical.
https://www.bloomberg.com/view/arti...-door-singapore-s-water-baby-needs-a-lifeboat

That would be a better outcome than liquidation of a rare successful entrepreneurial venture in an economy dominated by multinationals and state-backed enterprises. As an asset-light operator in Singapore, Hyflux founder Olivia Lum can focus on the Middle East, where the group has projects in Algeria, Saudi Arabia, Egypt and Oman.

Singapore needs Hyflux’s expertise, not its balance sheet. The island’s water requirements are projected to double from the current 430 million gallons per day by 2060 — a year before the 1962 agreement with Malaysia expires. The existing desalination capacity can meet only 130 million gallons of demand. Even with the big push by the government to recycle wastewater, more plants to treat seawater would be needed.

Mahathir’s threat may be an empty one, but Singapore won’t want to be under its neighbor’s thumb. A lifeline for Hyflux could go some way in the resource-poor city’s bid to secure its destiny.

FUCK YOU HYFLUX

 

[ChokBoon]

hi, I wish to share something funny about the Hyflux investors, really reflect Singapore mentality.
I am in their telegram group and tomorrow is their Townhall meeting with investors. Very xia suay that their agenda at this moment is food.
Very sinkie, no wonder singapore no cure.




M****: (response from organizers) 7.16pm
Thank you for taking time to feedback your concerns. While we fully understand your concerns, we would greatly seek your kind understanding.

A large turnout is expected to attend the townhall sessions and many may arrive at staggered timings. This could cause a delay to the commencement of the townhall meetings. To allow more time for discussions within the short time frame, we are trying our best to keep the registration process as streamlined as possible to facilitate registration and minimise disruption.

As for the 4hr NEA consumption ruling, we are coordinating with the caterer to ensure that the bento sets are prepared, delivered and distributed accordingly within the 4 hours. Thank you for your kind understanding.

R****** ***: 7.42pm
yep...staggered arrival timing in fact allows early comers to eat first whie waiting for the late comers, no delays caused. Handing out bento with water will not create chaos during registration. they also forgot in the end about the eating part...its only prepared, delivered and distributed...i suppose ok to eat after the 4th hour. Not suprising, prob the same logic they use when assessing the viability of TS..

M*****: 7.46pm
Based on their email, the caterer might end up only sending the food in at 9pm
Caterer usually prepare 2 hrs+ before event

S**********: 7.48pm
I suspect they want to save cost as some people may leave before the end of the meeting .
Maybe also, when they have the confirmed registration , they will cook fast fast to prevent wastage

M*****: 7.48pm
catering is always prepared beforehand...not cooked on demand la
probabyl end up a lot of bento thrown away

 

[ChokBoon]

Laugh Die Me
Singaporean pattern.

 

[syed putra]

They should have designed water catchment pool on roofs of hdb.

 

[Hypocrite-The]

With Mahathir Next Door, Singapore’s Water Baby Needs a Lifeboat
Ensuring Hyflux’s desalination plant stays in safe hands is critical.
https://www.bloomberg.com/view/arti...-door-singapore-s-water-baby-needs-a-lifeboat

So how does Singapore ensure the plant stays in safe hands? A template may exist in the resolution of SMRT Corp., whose minority shareholders were bought out in 2016 by state investment firm Temasek Holdings Pte, effectively nationalizing the island’s stoppage-prone main subway operator(after making it offload trains and signaling systems to the transport regulator).

If SMRT’s problem was systematic underinvestment, Hyflux’s weakness is an overstretched balance sheet. By helping it shed some of its debt load, Singapore can consolidate the existing fragmented ownership of critical water assets. SingSpring, which was Singapore’s first desalination plant, is 70 percent owned by publicly traded Keppel Infrastructure Trust. Hyflux controls the remaining 30 percent.

Hyflux may not have a direct link to the government. But its business of water is as much the state’s headache as the subway network. A joint 70:30 bid by Keppel Infrastructure Trust and PUB for Tuaspring would see off Maybank and make the state’s control foolproof. Additionally, PUB could buy Hyflux’s residual 30 percent share of SingSpring, hydrating the thirsty water firm with some more liquidity.

FUCK OFF MAYBANK, FUCK OFF MAHATHIR. FUCK OFF MALAYSIA

Just nationalise hyflux. Wats the big deal? Why cant all these water assets be controlled and operated by PUB? Wasnt it done that way before? We aleady paying soo much for our water at least if the water is supplied via desalination and recycled water it will deflect from the 3 Sen water issue.