Commentaries

Commentary: SGX’s new delisting measures: Crucial that intent and disclosures are clear

First published in The Business Times on 19 August 2019 Companies and offerors should reach out to all shareholders by all means possible about what exactly is on the table to ensure that minorities will not be shortchanged. FOR far too long,...

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Commentary: Hyflux saga: Judicial management not the panacea for company’s restructuring

First published in The Business Times on 17 May 2019 It is almost exactly one year since water treatment firm Hyflux applied for a moratorium while it sought to restructure its finances. A crucial part of that restructuring process involved finding...

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Commentary: Can the Hyflux restructuring be resurrected?

First published in The Business Times on 11 April 2019 It was hugely disappointing to learn last week that troubled water treatment firm Hyflux Ltd has terminated its agreement with SMI, the only “white knight’’ that has emerged over the past...

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Commentary: Hyflux saga: Focus needed despite the noise

First published in The Business Times on 30 March 2019 IN the past few months, developments surrounding troubled water treatment firm Hyflux Ltd have accelerated to the point that stakeholders could be forgiven for being thoroughly confused as to the status...

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Best armour against risk is an informed investor

First published in The Business Times on 8 March 2019 Quick Read The collapse of Hyflux has raised questions about whether retail investors truly understood the risks of investing in the company's perpetual securities...

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Commentary: Hyflux should be given chance to survive amid restructuring

First published in Business Times on 11 January 2019 The annals of Singapore's corporate history are filled with the names of companies that went bankrupt and had to be liquidated, much to the dismay of their shareholders and creditors. From Pan-Electric...

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Commentary: LTC minorities should not hold out for SGX’s proposed changes

First published in Business Times on 30 November 2018 SOMETIMES the best of intentions can lead to unintended outcomes. Such appears to be the case with steel trading firm LTC Corp (formerly known as Lion Teck Chiang). Its privatisation-cum-delisting plans have been...

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Commentary: Independent financial advisers can no longer hedge their bets when giving opinions

First published in The Business Times on 2 November 2018 In recent months, property firm Wheelock Properties and Norwegian shipyard Vard Holdings were subject to privatization offers that involved seemingly confusing and possibly contradictory advice from their respective Independent Financial Advisers...

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Commentary: Harmony needed to achieve best results at AGMs

First published in Business Times on 23 October 2018 It is key for all parties to understand their roles and observe basic tenets of respect, courtesy and tolerance. FOR shareholders of listed companies, the Annual General Meeting (AGM) offers a once-a-year opportunity...

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Commentary: Where is Hyflux now?

First published in Business Times on 5 October 2018 IN June, the Securities Investors Association (Singapore) (SIAS) appealed to stakeholders of troubled water treatment firm Hyflux to give the company the time it needs to try and get its affairs...

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