Press Statement: Miclyn Express Offshore Pte Ltd (“MEO”) offers better restructuring proposal at townhall meeting for Noteholders
September 24, 2019On 20 September 2019, MEO hosted its second townhall meeting for the holders of MEO’s US$150,000,000 8.75 per cent Senior Secured Guaranteed Bonds Due 2018 (“MEO Notes” and “Noteholders”). At the townhall meeting, MEO explained its debt structure to the...
Read MorePress Statement: SIAS seeks update on Hyflux
September 21, 2019SIAS met with the directors of Hyflux on 16 September 2019. At the meeting, Hyflux updated SIAS on the efforts undertaken by Hyflux to secure an investor. SIAS is encouraged by the efforts put in by Hyflux in its negotiations...
Read MorePress Statement: SIAS will not support exclusion P&P nor judicial management
August 7, 2019SIAS notes from the 11th Affidavit of Ms Olivia Lum that there was a plan to affect the interests of the P&Ps when Borrelli Walsh the advisors of the unsecured working group banks (“UWG” ) comprising Mizuho Bank, KfW IPEX...
Read MorePress Statement – About time Olivia Lum steps down and Hyflux needs to build trust
April 25, 2019It is now evident that the trust in the senior management and the board of Hyflux has weaned considerably. Understandably, stakeholders are getting tired of waiting for a concrete plan that would take the company out of its current woes...
Read MorePress Statement – Hyflux Perps & Preps likely to avoid haircut in new plan
April 22, 2019Ms Olivia Lum, Executive Chairman & Group Chief Executive Officer, Mr Teo Kiang Kok, Lead Independent Director, Mr Gay Chee Cheong, Non-Executive Independent Director, Mr Christopher Murugasu, Non-Executive Independent Director, Mr Lau Wing Tat, Non-Executive Independent Director, Mr Nicky Tan,...
Read MorePress Statement – Patience and support needed
April 4, 2019SIAS notes with regret the cancellation of Hyflux restructuring agreement with the Salim-Medco consortium (SMI). This has come as an unexpected development. I had called Olivia Lum to determine whether there is an alternative solution that can be presented to the...
Read MorePress Statement – Board and Management not absolved of accountability
April 1, 2019SIAS is aware that some Hyflux investors are of the view that if they were to vote “yes” for the restructuring, all investigations against the board and management of Hyflux would stop and they will never find out if, indeed,...
Read MoreJoint Press Statement – SIAS and SID announce Guide on Best Practices for Shareholder Meetings
March 26, 2019The annual general meeting (AGM) of a company is a time for the company’s board members, management and shareholders to interact. It is usually...
Read MoreLetter to PUB – Hyflux Restructuring
March 26, 2019Chief Executive PUB 40 Scotts Road #22-01 Environment Building Singapore 228231 Attention: Mr Ng Joo Hee Dear Sirs, HYFLUX RESTRUCTURING SIAS represent the interest of the investors, particularly the retail investors of Hyflux, who are now in a predicament, the possibility of the company facing liquidation. The only hope...
Read MoreLetter to Hyflux Board – Status of Hyflux restructuring
March 25, 2019Board of Directors Hyflux Ltd Hyflux Innovation Centre 80 Bendemeer Road Singapore 339949 Attn: Ms Olivia Lum Dear Board Members, RE: Status of Hyflux restructuring Hyflux investors are seriously concerned arising from the current uncertainty caused by PUB’s notice of default, recent SMI’s notice to Hyflux and...
Read More- « Previous Page
- 1
- …
- 8
- 9
- 10
- 11
- 12
- …
- 31
- Next Page »
7 Maxwell Road #05-03
MND Building Annexe B Singapore 069111
Securities Investors Association (Singapore) @2024 All rights reserved.
Ownership of Materials on the Site
Securities Investors Association (Singapore) is, unless otherwise stated, the owner of all content and copyright in the Site.
The use of the name “Securities Investors Association (Singapore) ” and its logo, as well as photographs and information of clients, shall not be used or reproduced in any way for any print or electronic publication, media, and merchandise, or for any other purpose, commercial or otherwise, without the express permission from an authorised representative of Securities Investors Association (Singapore)