Regulators Refusing to Act - Hyflux & Noble Group's Decline

[Huatable]

Dont spread fearrrrrrrrrrrrr.............

People invest Hyflux because water is our strategic assets. Like @SOS said, LKY will never let such things happen if he is around.
There are also three huge group of plain bondholders affected and they just get 4% coupon the past which is in-line with most reputable bond issuers.

Then people also invest in HDB because we were told that HDB is a store of value. Now suddenly HDB told us that most HDBs will not be enbloc and it is worse than leasehold condos because they can choose to enbloc. I refer to this Straits Times article
https://www.straitstimes.com/singap...come-eligible-for-sers-cautions-lawrence-wong

 

[KNNBHCB]

Dont spread fearrrrrrrrrrrrr.............

Eh, you tok lam par song ah?

Chow chee bye you pay all the bondholders back their money lah. pay oredi sure no spread fear.

Ditto for HDB 99 years up you return them all the purchase price ah?

Otherwise you post for fuck?

 

[Focus]

Reached the townhall meeting.
Feels like attending a wake,

Hyflux's wake, Singapore's wake
Dishonorable Daughter Olivia is also there.

 

[Focus]

Olivia just gave an eulogy. She will only step down when Hyflux is swee swee, (regardless how many of us died along the way?).

 

[Focus]

Rumors about China interested are true. Many many interested but she hinted that garment hindered on the specifics, eg. majority ownership by china, specific asset sale, etc.
so chee bye we end up with the indonesian scums.

 

[Focus]

Olivia confirmed that she lost every single cent of the perp and pref funds, and the bulk of the bondholders money.
Congratulations!!! Well-done! Not easy to lose so much within a year.
Noble lost over a few years. Hyflux WIN!!!!!!

 

[Focus]

So Olivia is saying, since you get nothing, lim bu is going to give you some consolation price proposal a month later.
Maybe pay us a few % and Indonesians and her gets to keep the assets?

CHAO CHEE BYE THIS SATANIST!!!

 

[Focus]

A year ago, Bondsupermart projected $1 billion to $1.7bn left for unsecured bondholders, perps and prefs.
https://www.bondsupermart.com/main/article/Hyflux-Ltd-Credit-Update-506
Worst case scenario still got $1billion


Tonight you tell me almost zero left? Fake accounting?

 

[Focus]

HALF TIME
I feel that the indonesians and SIAS like psychopaths, they don't feel sad about what happened to us.

 

[Focus]

Past rumors are true, Hyflux had withheld information and made empty promises, now highlighting to us that we get ZERO if don't write off the bulk of investment.

You ask me to choose if I want a few cents in exchange for forgiving your debts to me? Why not I confiscate your assets like bank and make you homeless?

 

[Focus]

MOTHERFUCKERS owe people money still so proud of what they accomplished.
CURSE YOU IN HELL

 

[Focus]

Olivia just said she prefers to stay around and draw salary. Not putting more money to die with us.

 

[Focus]

In the past one year, all news and rumours were more true and timely than Hyflux's announcements.

 

[3854101010]

Eh, you tok lam par song ah?

Chow chee bye you pay all the bondholders back their money lah. pay oredi sure no spread fear.

Ditto for HDB 99 years up you return them all the purchase price ah?

Otherwise you post for fuck?

LOL!!!
if you dont change ur mentailty, you will always be poor...

 

[Focus]

Hyflux blamed the regulators , if they could sell Tuaspring to any foreign investors, Tuaspring likely to fetch close to book value as they had indicative offers close to that value. This was why Olivia was so confident.

Together with the court protection/injunctions, everyone low-balled them include GLCs.
PAP is the BEST!!!!!! Only know how to make money from Singaporeans.

 

[Focus]

Hyflux said they outsmarted themselves by going for voluntary protection, hoping to get the best out of the situation.
In the end, everyone started to low ball them thinking that they desperate for money.

 

[Focus]

People, since Olivia has no heart to help us, but herself. The best thing we can do now is to stop the Indonesians from coming in.

If the indonesians join HYflux, we lose almost everything.
If the indonesians don't Hyflux, we can make olivia go around finding new suitors, if she fails then close down hyflux lor.

Same right? At least Hyflux dies with us.

 

[Focus]

Hyflux is more concerned to explain how come 1-2 billion in valuations vanish overnight.
Don't gek gek ok? Your TuasOne also severely overshot by almost $100m, and other massive operating losses throughout the whole company.

It is like publishing fake accounts in the past and don't blame the courts. The courts very side you in the past year. If I am the judge, I sure feel humiliated by your words tonight and tomorrow I put you on Judaical Management

 

[Focus]

Indonesians also smart, want bankers and us to write off everything.
Ya they make money from whatever we write off.

I think bankers expected to reject loopsided restructuring. Banks helped many local listed companies in trouble but Hyflux got attitude problem. Indonesians max. caogeng and demands to clear all debts and start fresh, how can the RMs report these to their credit approval teams?

Unlikely to support Hyflux further, now confirm more bankers will likely to favour liquidation.

 

[Focus]

ARREST THESE MOTHERFUCKERS FOR FRAUDULENT ACCOUNTING