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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 »
SIAS raises questions about Hyflux CEO’s remuneration amid financial troublesSINGAPORE: Despite a year of losses amounting to S$115.6 million, the CEO of troubled water treatment firm Hyflux received more than S$60 million ... About time people asked why is she still even there when she shld hve long resigned with the entire result& mgt failure . Yet olvidalum is collecting bonuses +gaining from profits while coy is struggling to restructure.A famous protégé select of Temasek head. Singapore hyflux
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 »
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 »
Hyflux preparing responses to SIAS' queries on renumeration, accountabilityHYFLUX on Monday confirmed that it has received the letter sent by the Securities Investors Association Singapore (SIAS) containing over 30 queries ranging from its chief executive's 'large remuneration' to the accountability of its board, and is currently preparing responses to be published on its website 'as soon as possible'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
I am deeply saddened for the pain and loss suffered by investors, lenders: Hyflux CEOSINGAPORE: Hyflux executive chairman and CEO Olivia Lum said on Friday (Feb 15) that she is 'deeply saddened for the pain and loss suffered' by ...
Source: ChannelNewsAsia - 🏆 6. / 66 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 CEO Olivia Lum, board offer to give up company stake to other shareholdersSINGAPORE: The executive chairman of embattled water treatment company Hyflux and its board members are set to distribute their entire stake of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux lays out restructuring plan to revitalise business, but retail investors lament big lossesSINGAPORE: Embattled water treatment firm Hyflux on Saturday (Feb 16) morning announced its closely-watched restructuring plan which it said would ...
Source: ChannelNewsAsia - 🏆 6. / 66 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 »