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CEO Olivia Lum did not get S$60m in dividends in 2017, says HyfluxSINGAPORE — Beleaguered water treatment plant Hyflux has responded to a series of questions from Singapore’s investor watchdog, refuting claims that its founder Olivia Lum received more than S$60 million in dividends in the year her company’s shareholders and bondholders saw their entire in
Source: TODAYonline - 🏆 1. / 99 Read more »
Hyflux chief Olivia Lum 'deeply saddened' by losses suffered by investors, lendersSINGAPORE - Hyflux chief executive Olivia Lum is 'deeply saddened for the pain and loss' suffered by those who invested in or lent money to the now-insolvent company.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hyflux CEO Olivia Lum volunteers to contribute entire stake of shares and securities as part of restructuringSINGAPORE - Hyflux chief executive Olivia Lum has volunteered to contribute her entire stake of 267 million Hyflux shares and securities as part of a proposed restructuring plan for the troubled water treatment company.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
SIAS questioning S$60 million dividends paid to Hyflux CEO amid negative cash flow and lossesWhen a company has been operating with negative cash flow yet reporting profits annually and giving generous remuneration to its top management amidst stakeholders losing their investments, the ears and eyes of Singapore’s Securities Investors’... Disgusting!!!
Source: IndependentSG - 🏆 2. / 72 Read more »
SIAS' letter to Hyflux boardThe Securities Investors Association (Singapore) (SIAS), representing the interests of the numerous stakeholders of various securities, is seriously concerned that many questions regarding the operations, valuation and accountability of the board of directors of Hyflux have not been addressed. Answers to these questions will help Hyflux securities holders make an informed decision with respect to the restructuring. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux extends deadline for stakeholders to file proofs of claimsSINGAPORE: Troubled water treatment company Hyflux will give its stakeholders two more weeks to file their proof of claims ahead of scheme meetings.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux replies to Sias letter ahead of scheme announcementHYFLUX chief executive Olivia Lum is 'deeply saddened for the pain and loss' suffered by those who invested in or lent money to her now-insolvent company. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyflux extends deadline to file proofs of claim to March 1HYFLUX has given creditors and stakeholders a two-week extension to file their proofs of claims ahead of scheme meetings as the water treatment firm undergoes debt restructuring. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »