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

IMG_20200602_234413.jpg
 
O$P$ !
LIQUIDATE WHATEVER IS LEFT IN HYFLUX AND PAY THE CREDITORS !
THEY OWE $MILLIONS TO REIT LANDLORD IN RENTAL , IT'S AFFECTING MY DIVIDENDS !
 
Maybe said:
Hi all,

This is positive news
Hyflux and its directors, including Olivia Lum, under criminal investigation for corporate governance breaches
Read more at https://www.straitstimes.com/busine...directors-including-olivia-lum-under-criminal


I would like to share some thoughts.

The article stated that "The time needed to complete the investigation depends on several factors, including the complexity of the issues and number of subjects involved, and the agencies will provide an update when there is an outcome to the investigation, they noted."Is it a wayang before GE? After GE, will we be left high and dry? i reserve my judgement. But for a criminal fraud at such level, I hope we can justify a state bailout. There are many ways for the government to help, which we discussed here in the past.

Simon Tay is indeed a very white horse. He has the most serious conflict of interests but the article did not mention that charges were pressed on him.

Let's hope we really get a bailout like SIA or Olam.
Click to expand...

I fear that this is just an election trick. After elections, we still don't get anything.

Can save PIL boss why cannot save so many Singaporeans?
 
frontier said:
I fear that this is just an election trick. After elections, we still don't get anything.

Can save PIL boss why cannot save so many Singaporeans?
Click to expand...

Just need a few percent of what they injected into SIA, yet government prefers to confiscate Tuaspring and ruin the savings of so many Singaporeans. Even analysts said Tuaspring is a steal for YTL.
 
few lessons that i can learn from this episode is running a big company in s'pore is no easy feat in these days. You are better off working your butt for someone than dabbling in business. another case, Hin Leong is so rich and yet ended with bankruptcy.
 
Last edited:
krafty said:
few lessons that i can learn from this episode is running a big company in s'pore is no easy feat in these days. You are better off working your butt for someone than dabbling in business. another case, Hin Leong is so rich and yet encounter bankruptcy ending.
Click to expand...

If it were easy everyone would be doing it. Everyone does the easy thing by being employees. :rolleyes:

(We choose to do things) "not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win" -JFK
 
in life, being at peace is a blessing. besides, doing business in s'pore these days are different from the fifties and sixties when s'pore was still developing. if hin leong's case took place in the past rather than now, he and his family will not need go thru such ordeal. too many legal complications these days. to add-on, many scam start-up companies in silicon valley which is not worth what they are in nasdaq. all in all, you are better working for others rather than on your own, it's not easy too these days, sometimes, you have to endure heartache from being retrenched but it is still safer than ending up with the wrong side of the law for overlooking certain company matter.

hofmann said:
If it were easy everyone would be doing it. Everyone does the easy thing by being employees. :rolleyes:

(We choose to do things) "not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win" -JFK
Click to expand...
 
krafty said:
in life, being at peace is a blessing. besides, doing business in s'pore these days are different from the fifties and sixties when s'pore was still developing. if hin leong's case took place in the past rather than now, he and his family will not need go thru such ordeal. too many legal complications these days. to add-on, many scam start-up companies in silicon valley which is not worth what they are in nasdaq. all in all, you are better working for others rather than on your own, it's not easy too these days, sometimes, you have to endure heartache from being retrenched but it is still safer than ending up with the wrong side of the law for overlooking certain company matter.
Click to expand...

If everyone were at peace, we wouldn't have smart phones, electric cars and rockets to Mars.

Peace for some then. But not all. If not we'll be sitting in caves/pigeon holes all day waiting for the end.
 
hofmann said:
If everyone were at peace, we wouldn't have smart phones, electric cars and rockets to Mars.

Peace for some then. But not all. If not we'll be sitting in caves/pigeon holes all day waiting for the end.
Click to expand...

yes, risk-takers, we should leave it to the chinks in the new century. sinkies should just work for investments from foreign MNCs.
 
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Maybe said:
Seriously, no money but want a piece of the action

Middle East investor Utico says it ‘remains committed’ to rescue deal despite Hyflux criminal probe
https://www.channelnewsasia.com/new...-rescue-deal-criminal-investigations-12799378
Click to expand...

The same for Aqua Munda. Already call more minimum 85% discount and now even want lower prices. No money, just say no money. See:

Aqua Munda to re-price Hyflux's unsecured debt


https://sbr.com.sg/utilities/news/aqua-munda-re-price-hyfluxs-unsecured-debt
 
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