Shares & Derivatives
Hyflux Sale of Tuaspring and the Financial Damages – Part 1
By Investmoolah  •  July 22, 2018
To inform investors on its financial restructuring, Hyflux held two townhall sessions on 19 and 20 July 2018. One of interesting fact is the presentation on the book value of their projects, reproduced below. The link to their slides can be found here. Figure 1: Stated Book Value of Hyflu's Projects The Elephant in the Room - Tuaspring Project Hyflux's financial restructuring revolves around the sale of Tuaspring. The sale value of this project will determine how much losses investors will take. During the court hearing in June 2018, Hyflux's lawyers said they are hoping to close a deal of no less than s$1.3 billion in book value if time is on their side. Tuaspring is owned by Hyflux until 2038, after which it is no longer owned by Hyflux. In my opinion, it is difficult, if not impossible, for Hyflux to fetch a $1.3-1.4 Billion Price Tag ......
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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