HYFLUX

More
6 years 2 months ago - 5 years 5 months ago #24247 by BULLSEYE88
HYFLUX was created by BULLSEYE88
Hyflux added that separating both entities will enable the management of both groups to focus on their respective core businesses, and oversee their strategies and operations more effectively.

As Hyfluxshop is at an early stage of growth, the distribution will also enable shareholders to enjoy the potential appreciation in value if and when the proposed listing happens, the company said. The pro forma net trangible assets value of each Hyfluxshop share is about 17.83 Singapore cents

The water treatment company is planning to distribute 70 per cent of the shares in Hyfluxshop Holdings to Hyflux's existing shareholders on the basis of one Hyfluxshop share for every 10 Hyflux shares held. Hyflux will retain the remaining 30 per cent stake in Hyfluxshop.

With the share distribution, "Hyfluxshop is expected to be in a position to consider listing on a recognised stock exchange, should future growth performance be on track and market conditions of the capital markets be favourable", the company said
Last edit: 5 years 5 months ago by min1xyz. Reason: shortened the headline

Please Log in or Create an account to join the conversation.

More
6 years 2 months ago #24248 by BULLSEYE88
NOW YOU CAN BUY THE MOTHER SHARE AT ALL TIME LOW .

HYFLUX USED TO TRADE NEAR $3 HIGH

EVEN IF HYFLUXSHOP GET LISTED AT 50% OF NTA .. IT IS STILL A FREE 8.5 CENTS FOR ALL SHAREHOLDERS

Please Log in or Create an account to join the conversation.

More
6 years 2 months ago #24249 by BULLSEYE88
HYLFUX 's PEERS

CITIC ENVIROMENT TRADING AT 76.5 CENTS

CHINA EVERBRIGHT TRADING AT 47 CENTS


HOW CAN SINGAPORE TOP NOTCH HOME GROWN ENTERPRISE HYFLUX BE TRADING BELOW 38 CENTS ONLY ??!!

Please Log in or Create an account to join the conversation.

More
6 years 2 months ago #24251 by BULLSEYE88
Entitlement for the shares of HYFLUXSHOP will end soon within few days

Please Log in or Create an account to join the conversation.

More
6 years 2 months ago #24253 by BULLSEYE88
HYFLUX controlling shareholder Olivia Lum must make a general offer for the water treatment company's consumer business after the completion of a dividend in specie distribution, according to the Securities Industry Council (SIC).

Ms Lum, who is chief executive and chairman of Hyflux, will offer 17.83 Singapore cents per HyfluxShop share, matching a partial offer she had made as part of the in specie distribution and the distribution valuation of the HyfluxShop shares.

Hyflux is planning to distribute 70 per cent of the shares in HyfluxShop Holdings to Hyflux's existing shareholders on the basis of one HyfluxShop share for every 10 Hyflux shares held, for free. Hyflux, which is undertaking the distribution as part of plans to list HyfluxShop, will retain the remaining 30 per cent stake in HyfluxShop.

Ms Lum had offered to buy any unlisted HyfluxShop shares from Hyflux shareholders at 17.83 Singapore cents per HyfluxShop share, provided her direct shareholding in HyfluxShop does not exceed 29.99 per cent.









Hyflux and Ms Lum, who holds a 34.05 per cent stake in Hyflux, will together hold about 53.8 per cent of HyfluxShop shares after the distribution. That will oblige Ms Lum to make a general offer for HyfluxShop shares she does not already hold under Singapore's takeover code, although the SIC, which oversees takeovers in Singapore, can grant a waiver

SIC gave a verbal ruling on Jan 31 that Ms Lum will be obliged to make an offer for HyfluxShop if the distribution goes through. As a result, Ms Lum is now prepared to make a general offer for HyfluxShop after the distribution, and her offer to purchase HyfluxShop shares will not be capped once her general offer is launched

Please Log in or Create an account to join the conversation.

More
6 years 2 months ago #24254 by BULLSEYE88
The Company wishes to announce that at the Extraordinary General Meeting of the Company held on 1 February 2018 at 2.30 p.m.(the “EGM”), the ordinary resolution relating to the Proposed Distribution as set out in the notice of EGM dated 17 January 2018 was duly passed by way of poll

Please Log in or Create an account to join the conversation.

Time to create page: 0.214 seconds
Powered by Kunena Forum
 

We have 1149 guests and one member online

rss_2 NextInsight - Latest News