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I met the management of Jaya Holdings recently and came away feeling positive about the company. Read more details in our premium section.
Jaya's problems started in mid 2009 during the financial crisis when a surge of deliveries, too much short term debt and a cut on bank lines resulted in a credit squeeze. The company appointed NTan Advisory in June 2009 to resolve the matter. This was successfully done in early 2010 through a debt restructuring scheme which converted the short term loans into a US$ term loan for five years with no prinicipal repayment for the firs two years and an uneven principal repayment for the last three years.. But when the announcement of the financial diffculties started in June 2009, the shares of Jaya fell from S$0.65 to S$0.34 (see chart below). The shares are today back to where they were before the announcement, ie S$0.65-S$0.66. Read more...[caption id="attachment_1979" align="alignright" width="150" caption="Photo by coda"][/caption]
I met the management of Jaya Holdings recently and came away feeling positive about the company. Read more details in our premium section.
Jaya's problems started in mid 2009 during the financial crisis when a surge of deliveries, too much short term debt and a cut on bank lines resulted in a credit squeeze. The company appointed NTan Advisory in June 2009 to resolve the matter. This was successfully done in early 2010 through a debt restructuring scheme which converted the short term loans into a US$ term loan for five years with no prinicipal repayment for the firs two years and an uneven principal repayment for the last three years.. But when the announcement of the financial diffculties started in June 2009, the shares of Jaya fell from S$0.65 to S$0.34 (see chart below). The shares are today back to where they were before the announcement, ie S$0.65-S$0.66. Read more...
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I met the management of Jaya Holdings recently and came away feeling positive about the company. Read more details in our premium section.
Jaya's problems started in mid 2009 during the financial crisis when a surge of deliveries, too much short term debt and a cut on bank lines resulted in a credit squeeze. The company appointed NTan Advisory in June 2009 to resolve the matter. This was successfully done in early 2010 through a debt restructuring scheme which converted the short term loans into a US$ term loan for five years with no prinicipal repayment for the firs two years and an uneven principal repayment for the last three years.. But when the announcement of the financial diffculties started in June 2009, the shares of Jaya fell from S$0.65 to S$0.34 (see chart below). The shares are today back to where they were before the announcement, ie S$0.65-S$0.66. Read more...
