Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company. Water treatment firm Hyflux's application for an extended six-month moratorium was given the green light by the High Court on Tuesday (Jun 19), as the company said it is in preliminary talks with. The Hyflux ordinary shareholders hold about 60% voting rights. I will definitely be using this everyday. Payment date: This is the date the dividend will actually be given to the shareholders of the company. Together with an interim dividend of 0. There is a sign up page with SIAS On hyflux website to be alerted for town hall meetings for perp, pref and ordinary shareholders Email Hyflux. In 2015, Hyflux had 785. They also cannot pay any dividend to the shareholders of Hyflux. However, Olivia Lum will likely single-handedly dominate this sector because many ordinary shareholders will not bother by now. Speaking at the Hyflux protest yesterday, Tan urged the government to take responsibility for its actions and. Convertible bonds are debt instruments with an embedded option that allows bondholders to convert their debt into stock (equity) at some point, depending on certain conditions like the share price. Thousands of investors will be affected by this sudden collapsed of Hyflux , yes , including Me. I was skeptical on this Hyflux preference shares as I was wrongly comparing European sovereign bonds with it… Spain 10 years bond is now yielding 6. implementing rules for the audit committee of the board - wn. It seems that investors do not really need to do anything for now. 3M ADS, each representing 0. stocks, mutual funds, and index symbol A-L catalog. Hyflux Innovation Centre Pte Ltd 21. Preference shares do not usually carry a vote unless. ordinary shareholders and creditors could have chosen. The scheme meeting will be held on 5th April where everyone will come together to vote Yes or No for the proposed restructuring plan. And that may be the greatest hurdle for now, given the competing interests among the various creditor groups, he added. Companies Angry Singapore investors to rally against Hyflux debt-restructure plan. Hyflux has declared first and final dividends on its ordinary shares every year since 2004. Nobody know how things will turn out eventually under this so called “ debt’s restructuring “ but I think for sure it is not good for ordinary or preference shareholders who’s typically rank lower in term of debt’s seniority as compared to. It is calculated by dividing the total net asset value of the fund or company by the number of shares outstanding. Page 4 of 7 - Hyflux RPCS aka Securities - posted in Lite & EZ: yeah, sounds like a plea from SIAS on behalf of the holders of the perpetuals Who is the one that put restrictions on potential buyers?. This also means that there will be approximately 785M x 25 = 19. designs, fabricates, installs, commissions and maintains treatment systems for water purifications, wastewater treatment, water recycling, advanced membrane filtration, and high-purity piping systems and equipment hook-up. About 34,000 perpetual securities and preference shareholders who invested in Hyflux are owed a total of S$900 million, but only stand to receive a recovery rate of 10. Besides, Hyflux added that in the event the water purchase agreement is terminated, the earliest date for a termination would be on May 6. The scheme meeting will be held on 5th April where everyone will come together to vote Yes or No for the proposed restructuring plan. For instance, total dividends paid for FY2015 were $69. The Issuer announced on 18 October 2018 that it entered into binding agreements for an. Executive Summary. So now that the Government has come out to confirm that Hyflux will not be bailed out, how then should cps /perpetual shareholders vote. SESSION "QUITE CIVIL AND ORDERLY". The share; Fixed income issues; Rating; Annual report; Audited Financial Statements & Interim Financial Statements; Quarterly results; Ordinary general shareholders' meeting; Communication and contact policy with shareholders, institutional investors and proxy advisors. This also means the net asset value of their shares decreased. Even though the number of shares has been reduced, nothing has changed in terms of the percentage of shareholdings. Sias, therefore, calls on all parties with an interest in Hyflux – whether as an unsecured or secured creditor, preference or ordinary shareholder – to set aside their own interests for the collective good. Indeed, it reported a restated net profit of S$3. If a company has problems paying a good dividend yield to its ordinary shareholders, then it may likely default on its preference share dividend. In other words, Preference shareholders earn 6% yield, whereas ordinary shareholders get only 1. This kind of motherhood statement is not helpful. 7 cents from 2. Columbia University professor of linguistics John McWhorter joins to discuss the unique way Donald Trump speaks which is unlike any president America's had b. Sembcorp and Keppel could be eyeing Hyflux's Tuaspring plant sbr. As at Jun 2017, the total debt of Hyflux is $1,308. Absa Group Notice of 2019 annual general meeting; Absa Group Form of proxy. One of them was Mr Martin Lee who holds Hyflux’s preference shares, perpetual securities and ordinary shares. Additionally, Hyflux will be holding a town hall meeting with its shareholders on 13 March. At the current share price, its full year dividend yield is at 1. However, the liquidity for bond market is low so it is easier to crash the bonds. 34/share how come so high. Overall, costs of living was the biggest concern for Singaporeans with 48% saying that it was the most critical factor in the elections. Ordinary Shares purchased or acquired by the Company are deemed cancelled immediately on purchase or acquisition (and all rights and privileges attached to the Ordinary Shares will expire on such cancellation) unless such Ordinary Shares are held by the Company as treasury shares. As an environmental solutions provider, delivering innovative and sustainable environmental solutions to the world lies at the heart of Hyflux’s business model. They will retain their existing 785,284,989 shares, which will be diluted from 100% down to 4% of the enlarged share capital of the post-restructured Hyflux Ltd. 80 per share, valuing Kreuz at S$445. 0M every year, before ordinary shareholders get to enjoy the profits. 4Q revenue stood at $51. Hyflux provides water desalination and filtration solution for its customers and is a global leader in. Interesting post on how Hyflux ordinary Shareholder is losing money even when the company reported a Net Profit. 38% (approx. Here's another that he shared on ways to put money back into the CPF accounts, which I thought was worth reposting to share to a wider audience who might have missed his comments to another post. Just a bit more than Continue Reading. 1m, the result of 40% lower revenue, lower gross profit margin, higher operating expenses and impairment charges. 05 per cent of the company's ordinary. More importantly, it is an efficient energy saver in comparison with an ordinary electric airport!. 625B units without shares consolidation. , Ltd is in its fourth profitable year after offsetting all accumulated losses. axfof axfood ab ordinary axfoy axfood ab adr axgc axis energy corp axgi axium technologies axih axion intl holdings inc axle tjt inc axlff anderson energy ltd axma axiom management, in axmif axmin inc axmp axm pharma inc axpi aventerra explorations axpl amalgamated explr in axprf amseco expl ltd axpw axion power internat inc axref amarc. Duly completed registrable transfers of ordinary shares received by the Company s Share Registrar, Boardroom Corporate & Advisory Services Pte. Final ordinary dividend declared has been cut to 1. In particular, as indicated at the previous townhall, Hyflux has endeavoured to keep the interest of the perpetual security holders and preference shareholders in mind, and seeks to secure fair returns for these stakeholders, balancing the short-term returns together with the potential gains from participating in a revived Hyflux group backed by the strengths of the SMI group and its potential synergies. Watch Out for Hyflux's Omission of Ordinary Dividends Hyflux announced its half year financial results last month. The Shareholders’ Meeting approved its own Shareholders’ Meeting Regulation on 30 March 2011 to allow an orderly and practical development of the Shareholders’ Meetings and to grant each shareholder’s right to take the floor on the issues under the Agenda. CEQ is a component of Shareholders' Equity Total (SEQ). Hyflux Group is committed to resource optimisation and sustainable development. CPF members held less than 3 per cent of Hyflux ordinary shares and less than 3 per cent of its preference shares, said a CPF Board. I was skeptical on this Hyflux preference shares as I was wrongly comparing European sovereign bonds with it… Spain 10 years bond is now yielding 6. Voluntary Unconditional Cash Offer By Ms. 7 cents for every $1 invested. Ordinary Shareholders. Hyflux bond and shareholders will be glad if Hyflux counters were to resume trading only after their debt has been restructured. Investment has its risks. Hyflux is an interesting case. The 34,000 registered holders of Hyflux perpetual securities. Division 1 - Ordinary Shareholders As the plan involves substantial asset sale (transfer) to New Hyflux, they can vote on the scheme. Utico proposed a rescue package which will see it taking an 88 per cent stake in Hyflux through a S$300 million equity injection and a S$100 million shareholder loan. approving, immediately following the allotment and issue of the ‘X’ Ordinary Shares, ‘Y’ Ordinary Shares and the Special Shares in accordance with Clause 3. C (UIC), Jordan - Company information along with stock price and performance. Please note: this service is available to holders of ordinary shares only. Hargreaves Lansdown is not responsible for an article's content and its accuracy. 6 cents a share, 0. POEMS empowers your trading and investment via access to over 40,000 instruments across Stocks, CFDs, Funds, ETFs, FX, Futures and UTs with a single login Global Equities Access more than 26 global exchanges at your fingertips. Companies Angry Singapore investors to rally against Hyflux debt-restructure plan. With the current suspension, I don't see any light at the end of the tunnel at least for the near term as they face a really challenging business environment in the energy market. 74% of shares in total. Anger against Hyflux has been mounting, especially after the Salim-Medco rescue deal fell through with no assurances of another such deal. I hope I am interpreting this correctly from Page 193, that post re-org, ordinary shareholders own 4%. The share price is in SGD. Division 1 - Ordinary Shareholders As the plan involves substantial asset sale (transfer) to New Hyflux, they can vote on the scheme. Hyflux has declared first and final dividends on its ordinary shares every year since 2004. The Article is part of the research undertaken by the Controlling Shareholders Project of the Program on Corporate Governance. It seems that investors do not really need to do anything for now. 9M (corresponding to net asset value per share of $0. Hyflux has over 1. The $900 million worth of PnP will be sharing $27 million. The Business current operating status is live and has been operating for 8 years 336 days. The bulk of Hyflux's share capital, post-reorganisation. 0M every year, before ordinary shareholders get to enjoy the profits. 05 per cent of the company's ordinary shares as at Mar 14, 2018. Hyflux Energy Pte Ltd 19. I will definitely be using this everyday. 6 million in 2017, troubled water treatment firm Hyflux spent about S$2. I don't think hyflux has it. The dividends will be payable semi-annually when, as and if declared by the Hyflux Board, in arrears on 25 April and 25 October of each year. Hyflux's proposal (yet to be approved). They will retain their existing 785,284,989 shares, which will be diluted from 100% down to 4% of the enlarged share capital of the post-restructured Hyflux Ltd. This post is based on their Article, Independent Directors and Controlling Shareholders, forthcoming in the University of Pennsylvania Law Review. "During the same period (2007 to 2016), Hyflux recorded cumulative profit after tax and minority interests of SGD527 million and total ordinary shareholders dividends was SGD186 million," it added. Get detailed information on Hyflux (600. Hence should Hyflux take the $600-750 Million impairment and is able to sell off the rest of its assets and projects at their stated value. 7 cents for every $1 invested. com uses a Commercial suffix and it's server(s) are located in N/A with the IP number 77. Since the end of World War II, OCBC Bank has never stopped paying dividends on its ordinary shares. In a July survey by Blackbox, 890 respondents were polled as to what their biggest concern would be for the next General elections. HyfluxShop Shareholders as set out in the Circular constitutedan “offer” under the Code. TO Bombardier TSE. Pity Temasek have already sold their Hyflux shares long ago, so no bail out. Find out how DBS became the world's first bank to hold three global best bank honours at the same time. Organisers are. Alternatively, he can top up cash using Olympia’s ang bao money into all of her CPF Accounts. So if bank loans cannot, rights cannot, placement cannot, bonds cannot - you are left with CPS which would fit perfectly with Hyflux present needs. Shareholders and securities holders who wish to attend or otherwise be kept informed of town hall meetings. Global Logistic Properties sets delisting date. “controlling shareholder(s)” has the meaning ascribed to it under the Listing Rules “Director(s)” the director(s) of the Company “Domestic Share(s)” the issued ordinary shares at the nominal value of RMB1. Read more at straitstimes. In FY2016, it reported a net profit attributable to owners of $4. 20 in the 2017 financial year. Hence for every $1,000 the PnP holder will receive just $30. Business News - The High Court has approved an application by embattled water treatment company Hyflux and three of its subsidiaries to convene a scheme meeting with its creditors over a proposed. 6 cents a share, 0. Not just your ordinary pitcher, DEW Water Conditioning Pitcher D28 produces Antioxidant Alkaline water and with reduced chlorine content! It is also designed to be portable, convenient for home, office and even travels. Hyflux has cancelled scheme meetings scheduled for April 5 and 8. Hyflux Capital (Singapore) Pte Ltd 17. It gives you 24-hour fresh energy water free of rust and impurities. Indeed, it reported a restated net profit of S$3. These shareholders are those based primarily outside the US - ordinary shares are listed and traded on the London Stock Exchange. But this group of "owners" includes owners of Hyflux's outstanding S$900 million perps and preference shares, as well as another S$475 million perps still. HYFLUX - 14th April 2016 Hyflux is a global leader in sustainable solutions, focusing on the areas of water and energy. 6 cents a share, 0. 7 million on remuneration for its key executives, with CEO Olivia Lum receiving between S$750,000 and S$1 million in salary, benefits and bonuses. While we are still growing up in our twenties, CPF is just a 'sinkhole' where part of our salary ends up in. As I write, Breadtalk is trading at S$ 0. , 50 Raffles Place, #32-01, Singapore Land Tower, Singapore 048623 up to 5. Based on Hyflux's latest annual report, this represents 34. The PM space very little and I'm not advertising k thanks !. Net asset value per share (NAVPS) is an expression for net asset value that represents the value per share of a mutual fund, an exchange-traded fund (ETF), or a closed-end fund. (Armada share price 22. Yongnam is a perfect example of a company with a large orderbook but is always making losses from its orderbook. The session for ordinary shareholders will be on the following day at 7pm. More than 50 per cent of Hyflux's ordinary shareholders are required to vote "yes" for the issue of new shares to SMI, a consortium of Indonesia's conglomerate Salim Group and energy giant Medco Group. Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries NIL Shareholding interest in the listed issuer and its subsidiaries? Yes Shareholding Details Hyflux Ltd: (1)10,000 Ordinary Shares held in her own name. 56 in Dec 2015 to $0. Any person who has a claim against (or is owed an obligation by) Hyflux Ltd, Hyflux Engineering Pte Ltd, Hyflux Membrane Manufacturing (S) Pte Ltd and Hydrochem (S) Pte Ltd) is eligible to file a proof of claim. As can be seen from the table below, in FY2009, total liabilities were 65% of total assets, the interest coverage ratio was nearly 10 times, while net operating cash inflows was more. I was skeptical on this Hyflux preference shares as I was wrongly comparing European sovereign bonds with it… Spain 10 years bond is now yielding 6. Hyflux annual report keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. Based on Hyflux's latest annual report, this represents 34. Ordinary shareholders of Hyflux do not need to file a proof of claim. The Issuer announced on 18 October 2018 that it entered into binding agreements for an. Hyflux Innovation Centre Pte Ltd 21. Ordinary shareholders also need to give their approval. Have a higher claim to dividends or asset distribution than common stockholders - i in the event of liquidation, preferred stockholders have seniority over common stockholders and will be paid first. (iv) Lastly Ordinary Shareholders (who have $100 Million in equity left in the balance sheet). However, Olivia Lum will likely single-handedly dominate this sector because many ordinary shareholders will not bother by now. 19 million, of which $13. For instance, total dividends paid for FY2015 were $69. The focus now is to clear its debt obligations so that it can still be in business. SM Investments will subscribe for ordinary shares representing 60 per cent of the enlarged issued share capital in Hyflux for S$400 million, and grant Hyflux a shareholder's loan of a principal. Thousands of investors will be affected by this sudden collapsed of Hyflux , yes , including Me. Now, Hyflux's financials, based on information readily available in the public domain, can already be interpreted as stressed in FY2015. The $900 million worth of PnP will be sharing $27 million. 88-per-share dividend, he will actually receive $0. Hyflux will hold a third round of town hall meetings with holders of its notes, perpetual securities and preferences shares, as well as ordinary shares on Mar 13. The Company operates through two segments: Municipal and Industrial. Hyflux Ltd is proposing to undertake a dividend in specie of approximately 70% of the ordinary shares in Hyfluxshop Holdings Pte Ltd to entitled shareholders holding ordinary shares of Hyflux Ltd. Showa Denko is a chemical company providing a variety of individualized products, including petrochemicals, chemicals, carbon, ceramics, aluminum products, hard disk media, and electronic materials, to a wide range of industries. As a result, while Hyflux did report profits for the period, ordinary shareholders of the company faced with a loss. Someone pointed out on another forum that ordinary shareholders get a yield of just about 2%, while CPS holders get a fixed 6%, triple the yield on Ordinary shares! To further add to this, I looked at Hyflux's Balance Sheet and it was pretty heavily geared. Hyflux is offer­ing $200 mil­lion worth of pref­er­ence share at $100 per share with 6% dividend p. If ever Hyflux survives, they should all be changed. TO Boliden AB Ordinary TSE BOLT Bolt Technology Corp. 3M shares, which is down from $0. The opposition politician is inviting others to join in as well Singapore—Investors of beleaguered water treatment company Hyflux are all set to protest on Saturday, March 30. The H20 Easy Water Filtration System also reduces odour and bad taste, thereby enhancing the quality of the water that you are getting. Hyflux Utility WT (HCWT) Pte Ltd 25. In the event of a liquidation and winding up of OCBC, bond holders get first priority, followed by owners of preference shares and then ordinary shareholders. Analysis including stock overview, quote, graphs, historical charts, share price, analyst recommendations, ratings and estimates, dividend yield, P/E ratio, ratios, upside, 52 week range, target price, EPS, stock news, key statistics, company financials and fundamentals including income. 15 in cash, and $76. 62 on 19 th October 2018 (Friday), this represented a dividend yield of. In addition, Utico intends to offer the cash equivalent of a 4 per cent stake in the enlarged Utico group plus additional cash to PNP investors. CEQ is a component of Shareholders' Equity Total (SEQ). “However, in its ordinary course of business, the company constantly explores and reviews corporate development opportunities which are in line with. It gives you 24-hour fresh energy water free of rust and impurities. The scheme meeting will be held on 5th April where everyone will come together to vote Yes or No for the proposed restructuring plan. The address of the Business's registered office is at the SUNTEC TOWER TWO building. 289 for 785. The current share price of S$0. It is calculated by dividing the total net asset value of the fund or company by the number of shares outstanding. More than 50 per cent of Hyflux's ordinary shareholders are required to vote "yes" for the issue of new shares to SMI, a consortium of Indonesia's conglomerate Salim Group and energy giant Medco Group. At least shareholder still get 5-10¢ per share (with some upside and tradable on STD) rather than like peanuts for Nobel shares, so I think Hyflux shareholders would agree and definitely holders of perpetuals if they stand to retrieve a significant proportion if not 100% of their investment in the negotiations. CPF members held less than 3 per cent of Hyflux ordinary shares and less than 3 per cent of its preference shares, said a CPF Board. The proposal (see table below) is still subject to final approval through townhall … Continue reading →. 74% of reconstituted Hyflux (see table). The 106th Ordinary General Meeting of Shareholders Notice of Resolutions of the 106th Ordinary General Meeting of Shareholders (124KB) [June 23, 2010] Results of Shareholders Voting Rights (108KB) [June 23, 2010] Notice of Convocation of the 106th Ordinary General Meeting of Shareholders (280KB) [May 28, 2010]. When Hyflux pops up on your screener one day that you’ve implemented from various teachings, you evaluate it methodically and you decide to buy. Even though the number of shares has been reduced, nothing has changed in terms of the percentage of shareholdings. Another 155 ordinary shareholders will get their chance to quiz the management, including Hyflux founder-CEO Olivia Lum, at their session on Friday at 7pm. If the scheme passes, then an extraordinary general meeting will likely be held before April 16 - the deadline Hyflux has with SM Investments to get the restructuring plan approved - for ordinary shareholders to vote on the issue of new shares to SMI. Eric Ho A pundit of the third realm, a sapient, unflappable and nonpareil homosapien, with monumental fortitude and tremendous tenacity, one who has been through the vicissitudes of life, and has mastered great dexterity and virtuosity to discern between verisimilitude and actual reality. The majority will go to SM Investments, a consortium of Indonesian companies. sg Bloomberg reports that Sembcorp Industries and Keppel Corporation are amongst the parties planning to study bids for Hyflux’s biggest asset and Southeast Asia’s largest desalination plant, the Tuaspring project, people with knowledge of the matter said. In FY2016, it reported a net profit attributable to owners of $4. Some company may opt for giving out the shopping voucher as token of appreciation for shareholders to attend these meeting. 625B units without shares consolidation. 7 cents for every $1 invested. 9% dividend yield. Furthermore, ordinary shareholders will only see dividends after shareholders before them are paid. ) existing ordinary shares of directors which will be given to the P&Ps HYFLUX Unsecured Scheme Parties Bank Lenders S$714m5 27% S$135. An extremely uphill battle to vote out the current management definitely, but its worth a shot. The 74,000 share-holders have families. As Hyflux did not declare an interim dividend on its ordinary shares in its latest financial results, if Hyflux chooses not to pay the next preference dividend scheduled on 25 Oct 2017 in full, Hyflux can only pay the next perps distribution scheduled on 27 Nov 2017 on a pro-rata basis. If you lose your share certificate or it has been stolen, you should contact the Company’s registrars immediately. Final ordinary dividend declared has been cut to 1. In 2015, Hyflux had 785. Hyflux Group is committed to resource optimisation earnings/(loss) per share, and profit attributable to ordinary shareholders. 28 million ordinary shares. The other 40,000 are ordinary share-holders. , 50 Raffles Place, #32-01, Singapore Land Tower, Singapore 048623 up to 5. The 106th Ordinary General Meeting of Shareholders Notice of Resolutions of the 106th Ordinary General Meeting of Shareholders (124KB) [June 23, 2010] Results of Shareholders Voting Rights (108KB) [June 23, 2010] Notice of Convocation of the 106th Ordinary General Meeting of Shareholders (280KB) [May 28, 2010]. Indeed, it reported a restated net profit of S$3. What is the 'Net Asset Value Per Share - NAVPS'. I think at this point of time, it would be good to know how much vested interest there is among the key stakeholders in Hyflux to help the preference shareholders ( N2H), perpetual shareholders (BTWZ) and the ordinary shareholders (600). The most senior guy in blue, second row, 4th from the left is Uncle Kor, now 87 and still running. Common Ordinary Equity (CEQ) represents the common shareholders' interest in the company. On October 22, 2015, the Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (SEC) issued clarifying guidance upending previous interpretations regarding the exclusion of conflicting shareholder proposals and shedding light on the Division’s views of the ordinary business operations basis for excluding shareholder proposals in the aftermath of the. 6 million in 2017, troubled water treatment firm Hyflux spent about S$2. 136 per share is still at a very steep discount of 37. Hyflux should have published the FAQ together with the earlier “Notice to file proof of claim”. This presentation has been prepared by Hyflux Ltd for the information of the attendees of this presentation. 625B units without shares consolidation. Remember they are distributing some shares in a subsidiary to the shareholders, which IMO, should be considered as a dividend. deadline to accept bailout offer. Hyflux Utility (India) Pte Ltd 24. The stability of the ordinary share price hinted that the company is not in distress. The last ordinary dividend was paid on 25 May 2017 and the last preference dividend was paid on 25 Apr 2017. 8 times, as at 31 March 2011, to 0. If the scheme passes, then an extraordinary general meeting will likely be held before April 16 – the deadline Hyflux has with SM Investments to get the restructuring plan approved – for ordinary shareholders to vote on the issue of new shares to SMI. In which case, you really ought to hold more parent shares than the preference shares, and use the preference shares to balance your parent share portfolio in terms of overall yield from Hyflux investments. designs, fabricates, installs, commissions and maintains treatment systems for water purifications, wastewater treatment, water recycling, advanced membrane filtration, and high-purity piping systems and equipment hook-up. 7%, Italy at 7%, and don't even mention Greece… I was "right" (face saving mode on now) to question something is not right when you have to. 35 was way below the next lowest tender of $0. In the case of the Hyflux 6% Cum Preference Class A 10, it is a preferred share that encompasses the rights of a preferred shareholder, but it is a Cumulative Non-voting Non-convertible Perpetual Class A Preference Share. Under the Scheme, all issued and paid-up ordinary shares in Kreuz Holdings Limited held by the shareholders as at a books closure date to be announced by Kreuz will be transferred to SEA9 Pte. CPF members held less than 3 per cent of Hyflux ordinary shares and less than 3 per cent of its preference shares, said a CPF Board. The Amnesty International must be blind not to see ordinary people being bashed up by the HK protestors. Noble's Board of Directors, CEO and CFO were also changed, finally, at the very end. The Business current operating status is live and has been operating for 8 years 336 days. Additionally, Hyflux will be holding a town hall meeting with its shareholders on 13 March. For example, in a 10 to 1 consolidation, 10,000 shares that you own will become 1000 shares. For holders of Hyflux preference shares and perpetual capital securities (perps), perhaps the most noteworthy point is that it did not declare an interim dividend on its ordinary shares. Prior to 2011, Hyflux's capital structure consisted of debt in the form of loans and borrowings and other trade liabilities, and ordinary shareholders' equity. HYFLUX - 14th April 2016 Hyflux is a global leader in sustainable solutions, focusing on the areas of water and energy. Hyflux has declared first and final dividends on its ordinary shares every year since 2004. It is not all over for investors of Hyflux. 9 cents lower than previous year. Subject to approval of shareholders at the forthcoming Annual General Meeting, the Board is recommending a first and final one-tier tax exempt dividend of 2 cents per share and a special one-tier tax exempt dividend of 1 cents per share for FY2017. The Company operates through two segments: Municipal and Industrial. retailATgmail. City Developments Limited, through its subsidiaries, engages in the development and investment of real estate properties, and ownership and management of hotels, as well as the provision of hospitality solutions. I encourage you to download a copy of this PDF book (it is free) and encourage your children, age 14 or older, to read it. Now both sides are arguing over who killed the deal. As can be seen from the table below, in FY2009, total liabilities were 65% of total assets, the interest coverage ratio was nearly 10 times, while net operating cash inflows was more $60 million and more than $50 million after interest expense. The 92nd Ordinary General Meeting of Shareholders Giu. These are company's accumulated earnings which are not given out in the form of dividends, but are converted into free shares. If the junior obligation is redeemed, reduced, cancelled or bought back. In that month – well before Hyflux filed for bankruptcy protection in May last year – Hyflux distributed 70 per cent of the shares of HyfluxShop to Hyflux shareholders via a dividend in specie. Just a bit more than Continue Reading. (iii) Perpetual and Preference Shareholders (collectively having a $900 Million Stake) (iv) Lastly Ordinary Shareholders (who have $100 Million in equity left in the balance sheet). In the case of the Hyflux 6% Cum Preference Class A 10, it is a preferred share that encompasses the rights of a preferred shareholder, but it is a Cumulative Non-voting Non-convertible Perpetual Class A Preference Share. 00 per share in the share capital of the Company, which are subscribed or credited as fully paid in RMB. More than 50 per cent of Hyflux’s ordinary shareholders are required to vote “yes” for the issue of new shares to SMI, a consortium of Indonesia’s conglomerate Salim Group and energy giant Medco Group. Under the restructuring plan filed by Hyflux with the High Court, ordinary shareholders of Hyflux will receive 2. What is said during national day rally also doesn't matter. Also read: What will Hyflux do during its 6-month lawsuit protection? As part of the restructuring agreement, SM Investments will subscribe for ordinary shares representing 60% of enlarged issue share capital for $400m and extend Hyflux a shareholder’s loan of a principal amount of $130m. RESOLUTIONS 6 AND 7 – RE-APPOINTMENT OF DIRECTORS The proposed Ordinary Resolutions 6 and 7 under Agenda 7 and 8 are to seek shareholders’ approval for the re-appointment of Directors who are of the age of 70. Even though the number of shares has been reduced, nothing has changed in terms of the percentage of shareholdings. The focus now is to clear its debt obligations so that it can still be in business. )Direct interest of 7,696,677 ordinary shares in the share capital of W Corporation Limited. 2 Letter to Shareholders. Compared to ordinary shares, preferred stockholders usually have no or limited, voting rights. I encourage you to download a copy of this PDF book (it is free) and encourage your children, age 14 or older, to read it. Thus, Hyflux needs to make a net profit attributable to owners of between $54. The Group started distributing interim dividends on its ordinary shares from 2010. From the CMCS Founder Dear Colleagues I would like to start first by thanking our 2,250+ clients, partners and CMCS family who has made CMCS what. 9 cents lower than previous year. Only a small minority of Hyflux investors had used their Central Provident Fund (CPF) savings to buy shares in the troubled water treatment company. Each ordinary share usually carries a vote. I think at this point of time, it would be good to know how much vested interest there is among the key stakeholders in Hyflux to help the preference shareholders ( N2H), perpetual shareholders (BTWZ) and the ordinary shareholders (600). Former NTUC Income chief Tan Kin Lian says that the government must bear part of the responsibility for the collapse of Hyflux, as actions it took contributed to the company's problems. Overall, costs of living was the biggest concern for Singaporeans with 48% saying that it was the most critical factor in the elections. And to put things in perspective, at least Noble Chairman Richard Elman stepped down eventually. Dividends are not guarantee, though some company might have a guidance on the min amt given. The preference shares are considered as Parity Obligations. deadline to accept bailout offer. Why not offer right issue then? Major share holders lost faith in hyflux In the event of converting all bonds, notes and preferential shares to the ordinary shares, what would be the formulas used to determine the fair values before and after the conversion? What special demands will the Indonesian strategic investors place on Hyflux?. Hyflux now has a strong balance sheet and is technologically relevant to provide solutions for long-term global water demand. Perpetual Securities are a class of financial instrument and has in recent times gained popularity due to a low interest environment. Hyflux or Tuaspring ceasing or threatening ‘to cease for any reason to carry on its business in the usual and ordinary course’ is seen as a ‘prescribed occurrence’ within the framework of the restructuring agreement, said Hyflux. For ordinary shareholders, there will surely be losses incurred as Hyflux's business has not been doing well with a negative financial position for FY2017. Don't be attracted by the high yield unless you are a believer in Hyflux. The 92nd Ordinary General Meeting of Shareholders Giu. 4m, bringing FY14 revenue to $321. - offering White Dew Water Conditioning Pitcher D28 Mint Green in Chennai, Tamil Nadu. 62 on 19 th October 2018 (Friday), this represented a dividend yield of. Ordinary Shareholders of Hyflux 4% which includes 1. 7 million on remuneration for its key executives, with CEO Olivia Lum receiving between S$750,000 and S$1 million in salary, benefits and bonuses. In FY2016, this amount was $63. I take junior obligations as the ordinary shares of Hyflux. By now, we all know that unsecured bond holders, preference shareholders and ordinary shareholders have to once again take a deep, deep haircut following Hyflux's re-structuring plan. The proposal (see table below) is still subject to final approval through townhall meetings in the coming weeks. 9M (corresponding to net asset value per share of $0. Reports: 1. My idea was to buy some divdend stocks like Reits with yields that are significantly higher than 2. As for the ordinary shareholders of Hyflux, they will receive 2. Hyflux reflects the old broker’s truism that high yields. INFORMATION UPDATE FOR SECURITYHOLDERS OF HYFLUX LTD (THE "ISSUER") S$500MILLION 6% PERPETUAL CAPITAL SECURITIES ("THE PERPETUAL SECURITIES") This is a further update to the information provided on the Trustee's website on 10 August 2018. From the CMCS Founder Dear Colleagues I would like to start first by thanking our 2,250+ clients, partners and CMCS family who has made CMCS what.