Hyflux

Re: Hyflux

Postby behappyalways » Tue Feb 12, 2019 6:15 pm

SIAS queries Hyflux on operations, valuation and accountability matters in open letter
https://www.theedgesingapore.com/sias-q ... pen-letter
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Sun Feb 17, 2019 4:24 pm

Hyflux CEO to contribute entire stake to restructuring plan; ordinary shareholders to get 2.74% of total shares
https://www.theedgesingapore.com/hyflux ... tal-shares


Hyflux’s perp holders get back only 10% of investment in restructure
https://www.theedgesingapore.com/hyflux’s-perp-holders-get-back-only-10-investment-restructure
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Tue Feb 26, 2019 7:06 pm

血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Sun Mar 03, 2019 3:40 pm

How Hyflux lost nearly S$2 billion in value in less than 10 years
https://mothership.sg/2019/03/hyflux-ex ... bt-losses/
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Mon Mar 04, 2019 7:06 pm

Hyflux burdened by $916m impairment loss from Tuaspring and other assets
https://sbr.com.sg/utilities/news/hyflu ... her-assets
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Wed Mar 06, 2019 3:40 pm

Hyflux restructuring plans rocked by PUB notice to Tuaspring; ESR-REIT files proofs of claim
https://www.theedgesingapore.com/hyflux ... oofs-claim
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Mon Mar 11, 2019 6:55 am

Hyflux amends restructuring plan to give junior creditors higher recovery rate
https://www.theedgesingapore.com/hyflux ... overy-rate
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Sat Mar 16, 2019 2:06 pm

Hyflux raised $400 million from perpetual preference shares in 2011 and $475 million in perpetual capital securities in 2014. These instruments carry a cumulative dividend of 6% a year and would be classified as financial liabilities — but for the company’s right to defer the cash payments indefinitely. Under FRS 32, this unconditional right allows the instruments to instead be presented as equity.
Such financial engineering means the company was able to remove the “dividends” as opposed to “interest payments” from its profit-and-loss statement, thereby giving the illusion of higher profits.

For instance, the company paid dividends on both perpetual securities totalling $269.8 million between 2011 and 2017. If the dividends were interest payments, the reported pre-tax profit totalling $156.1 million for the entire period would turn into a loss of $113.7 million.


Total compliance in financial reporting, but was it misleading?
https://www.theedgesingapore.com/portfo ... misleading
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Thu Mar 28, 2019 6:32 pm

PUB to take over Tuaspring plant if Hyflux cannot fix defaults by April 5
https://www.theedgesingapore.com/pub-ta ... ts-april-5



Hyflux woes spark Singapore protests, nationalisation calls
https://www.theedgesingapore.com/hyflux ... tion-calls
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Hyflux

Postby behappyalways » Fri Mar 29, 2019 7:55 am

Hyflux's dispute with its rescuer deepens as deadlines near
https://www.theedgesingapore.com/hyflux ... lines-near


SMI says Hyflux's schemes of arrangement 'do not satisfy' restructuring deal
https://www.theedgesingapore.com/smi-sa ... uring-deal
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to H to K

Who is online

Users browsing this forum: No registered users and 7 guests