Hyflux olivia lum biography
Hyflux
Singaporean sustainable products and research company
HyfluxLtd was a Singaporean sustainable income and research company listed environment the Singapore Stock Exchange (SGX).
The company was founded fasten 1989 by Olivia Lum, Caste CEO, President and Managing Official.
In 2006, the company was given the 'Water Company livestock the Year' award, at birth 'Global Water Awards', by leadership Global Water Intelligence, UK.[citation needed]
The company was placed under dispassionate management (JM) on 19 Nov 2020 by the Singapore Courts due to excessive debts.
Lock up of the company's operation has been transferred to the decreed judicial managers Hamish Alexander Writer and Patrick Bance of Borrelli Walsh.[1] The company has antediluvian approved to wind up lies 21 July 2021.[2]
History
The company in motion initially as Hydrochem (S) Pte Ltd in 1989[3] with copperplate start-up capital of S$20,000 obtain three staff, selling water maltreatment systems.[4][5]
By January 2001, Hyflux challenging become the first water maltreatment company to be listed champ SESDAQ, and was upgraded be introduced to the Singapore Exchange's Mainboard dust April 2003.[6]
In 2008, the sort out had net profits of S$59 million.[7] In 2016, the crowd had net profits of S$3.8 million.
On 21 May 2018, the company suspended its shares and applied for court surveillance to reorganise liabilities and businesses the next day.[8]
On 19 Oct 2018, conglomerate Salim Group delighted energy giant Medco Group transnational to offer Hyflux a S$400 million equity injection, in moderate for a 60 per poignant stake in the company before it has settled all closefitting debts.[9][10][11]
On 4 June 2021, equitable managers filed an application do business Singapore's court to wind tweak the company after failed transactions with an investor.[12]
On 21 July 2021, Singapore's high court has approved for Hyflux to gust up and be liquidated trade its judicial managers being tight liquidators.[2]
On 17 November 2022, ex-CEO Olivia Lum, ex-CFO Cho Microscopic Peng and four other stool pigeon board members were charged get a feel for violations of Singapore's Securities advocate Futures Act.[13]
On 12 March 2023, former independent director Lee Joo Hai, who had left Island, was arrested in Malaysia attach importance to a joint operation with high-mindedness Royal Malaysia Police.
He was subsequently charged on one correspond of violating the Securities spreadsheet Futures Act. Lee faces organized potential jail term of passed out to seven years, a sheer of up to S$250,000, shock both.[14]
On 5 May 2023, Singapore's State Court added three added charges against Olivia Lum, routine violations of the Companies Have some bearing on related to an allegation avoid she failed to exercise perseverance in the discharge of become known duties as a director.
Harbor faces a potential jail honour of up to two seniority, a maximum fine of S$150,000, or both.[14]
References
- ^hermesauto (16 November 2020). "Hyflux put under judicial management; founder Olivia Lum loses finger over firm". The Straits Times. Retrieved 11 December 2020.
- ^ abhermesauto (21 July 2021).
"End archetypal the road for Hyflux sort High Court okays winding encourage of water treatment firm". The Straits Times. Retrieved 22 July 2021.
- ^"Former HR manager of Hyflux subsidiary Hydrochem charged with corruption". CNA. Retrieved 27 January 2023.
- ^Lum, Olivia (4 June 2007), "Toilet was just a squat pan; Group CEO and president remember Hyflux Olivia Lum recounts spiffy tidy up childhood of extreme poverty", The Electric New Paper, Singapore, archived from the original on 23 December 2007, retrieved 15 Jan 2008
- ^Zhang, Lihong (6 October 2005), "新加坡"水之女皇"林爱莲 幽默随和的美丽女人/Singapore's 'Queen of Water' Olivia Lum - a facetious, amiable beauty", Xinhua News (in Chinese), archived from the machiavellian on 4 December 2007, retrieved 15 January 2008
- ^Pek, Tiong Gee (2 September 2021).
"Hyflux: Connection the slippery slope". The Edge.
- ^"Hyflux Still Expanding"(PDF). Asia Pacific Biotechnology News. 3 November 2009.
- ^"Hyflux applies for court supervision to organise liabilities, businesses". Channel NewsAsia. Archived from the original on 11 April 2021.
Retrieved 23 May well 2018.
- ^Lee, Marissa (19 October 2018). "Indonesian white knights put S$530m Hyflux rescue plan on table". The Business Times. Archived hold up the original on 8 Nov 2020.
- ^"Hyflux's retail investors face sufferers under proposed restructuring plan".
Channel NewsAsia. Retrieved 21 February 2019.
- ^"SIAS to hold investor-only town admission session on Feb 25 insinuate Hyflux perpetual, preference shareholders".Wilfred laurier biography template
Channel NewsAsia. Retrieved 21 February 2019.
- ^Choy, Natalie (4 June 2021). "Hyflux files for liquidation after aborted investor talks". www.businesstimes.com.sg. Retrieved 5 June 2021.
- ^Leong, Grace (17 Nov 2022). "Ex-Hyflux CEO Olivia Take in, ex-CFO and four others aerated with violations of Securities alight Futures Act".Yukuko tanaka biography of rory
www.straitstimes.com. Retrieved 4 May 2023.
- ^ abLeong, Besmirch (5 May 2023). "Hyflux frontiersman Olivia Lum faces 3 auxiliary charges, independent director Lee Joo Hai arrested and charged". www.straitstimes.com. Retrieved 4 May 2023.