Yang Kee Logistics: The question isn’t if Yang Kee struggled—It’s what UOB did next
Yang Kee Logistics had financial issues—but that’s not the controversy. The real story is how UOB’s default letter triggered a cross-default chain, blocking refinancing efforts and pushing the group into collapse. TOC breaks down what happened, why it matters, and what questions still remain.
https://www.theonlinecitizen.com/2025/03...-did-next/
Can UOB issue a default letter if they did not default?
I read this story a few times there are many holes. It sounds like someone ran the company poorly and could not service the loan then blamed the bank for their default..
(28-03-2025, 04:55 PM)sgbuffett Wrote: [ -> ]Can UOB issue a default letter if they did not default?
I read this story a few times there are many holes. It sounds like someone ran the company poorly and could not service the loan then blamed the bank for their default..
Bank is yr lifeline if u have poor cashflow. They can hold u by the balls and put stone on yr pee hole
Banks, like pap, only support those with deep pockets.
It's a rich man's world.
Why Temasek or Glc support ?maybe it is not a essential service company that need to save.
The ex CEO basically saying UOB had another deal with a bigger client to swallow his co.
Banks are scummy. They offer you an umbrella during sunny days and yank it away when it starts to rain
(29-03-2025, 07:49 AM)p1acebo Wrote: [ -> ]Banks are scummy. They offer you an umbrella during sunny days and yank it away when it starts to rain
You only see your MPs very active when GE is around the corner also lah. The poor babies that forcefully get carried and pictures taken. I bet with you some of the MPs don't even fancy kids. Lol
(29-03-2025, 07:55 AM)Ineedhelp Wrote: [ -> ]You only see your MPs very active when GE is around the corner also lah. The poor babies that forcefully get carried and pictures taken. I bet with you some of the MPs don't even fancy kids. Lol
Sticw right? I almost forgot your original nick liao but I remember you like to talk about leg hair
Ask admin to reset your password lah
(29-03-2025, 07:57 AM)p1acebo Wrote: [ -> ]Sticw right? I almost forgot your original nick liao but I remember you like to talk about leg hair
Ask admin to reset your password lah
Nevermind the nick lah. The nake shorting of STICW was nearly 2 decades ago. Gone liao don't need to remember my folly liao, after all the money already dunno spent on what liao... Lol
(29-03-2025, 08:03 AM)Ineedhelp Wrote: [ -> ]Nevermind the nick lah. The nake shorting of STICW was nearly 2 decades ago. Gone liao don't need to remember my folly liao, after all the money already dunno spent on what liao... Lol
Should change your nick to I love meow meow
(29-03-2025, 08:16 AM)p1acebo Wrote: [ -> ]Should change your nick to I love meow meow
That one reserved for you my friend.
My current nick is good, I need help from God.