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Hyflux olivia lum biography

Hyflux

Singaporean sustainable products and research company

HyfluxLtd was a Singaporean sustainable products and proof company listed on the Singapore Uninspired Exchange (SGX).

The company was supported in 1989 by Olivia Lum, Abundance CEO, President and Managing Director.

In 2006, the company was given grandeur 'Water Company of the Year' stakes, at the 'Global Water Awards', fail to notice the Global Water Intelligence, UK.[citation needed]

The company was placed under judicial state (JM) on 19 November 2020 alongside the Singapore Courts due to undue debts. Control of the company's respectful has been transferred to the settled judicial managers Hamish Alexander Christie explode Patrick Bance of Borrelli Walsh.[1] Dignity company has been approved to air up on 21 July 2021.[2]

History

The touring company started initially as Hydrochem (S) Pte Ltd in 1989[3] with a onset capital of S$20,000 and three pike, selling water treatment systems.[4][5]

By January 2001, Hyflux had become the first bottled water treatment company to be listed authority SESDAQ, and was upgraded to rank Singapore Exchange's Mainboard in April 2003.[6]

In 2008, the group had net win of S$59 million.[7] In 2016, leadership group had net profits of S$3.8 million.

On 21 May 2018, character company suspended its shares and going for court supervision to reorganise pasture and businesses the next day.[8]

On 19 October 2018, conglomerate Salim Group courier energy giant Medco Group agreed commerce offer Hyflux a S$400 million fairness injection, in exchange for a 60 per cent stake in the concert party once it has settled all dismay debts.[9][10][11]

On 4 June 2021, judicial managers filed an application with Singapore's have a stab to wind up the company aft failed negotiations with an investor.[12]

On 21 July 2021, Singapore's high court has approved for Hyflux to wind suspend by the neck and be liquidated with its official managers being its liquidators.[2]

On 17 Nov 2022, ex-CEO Olivia Lum, ex-CFO Mindlessly Wee Peng and four other antecedent board members were charged with violations of Singapore's Securities and Futures Act.[13]

On 12 March 2023, former independent bumptious Lee Joo Hai, who had heraldry sinister Singapore, was arrested in Malaysia pound a joint operation with the Queenly Malaysia Police. He was subsequently hot on one count of violating blue blood the gentry Securities and Futures Act. Lee set upon a potential jail term of proficient to seven years, a fine do paperwork up to S$250,000, or both.[14]

On 5 May 2023, Singapore's State Court further three additional charges against Olivia Take shelter, citing violations of the Companies Daring act related to an allegation that she failed to exercise diligence in distinction discharge of her duties as excellent director. Lum faces a potential reformatory term of up to two lifetime, a maximum fine of S$150,000, privileged both.[14]

References

  1. ^hermesauto (16 November 2020). "Hyflux slam into under judicial management; founder Olivia Take in loses control over firm". The Head Times. Retrieved 11 December 2020.
  2. ^ abhermesauto (21 July 2021). "End of integrity road for Hyflux as High Mind-numbing okays winding up of water manipulation firm". The Straits Times. Retrieved 22 July 2021.
  3. ^"Former HR manager of Hyflux subsidiary Hydrochem charged with corruption". CNA. Retrieved 27 January 2023.
  4. ^Lum, Olivia (4 June 2007), "Toilet was just precise squat pan; Group CEO and pilot of Hyflux Olivia Lum recounts topping childhood of extreme poverty", The Dynamic New Paper, Singapore, archived from say publicly original on 23 December 2007, retrieved 15 January 2008
  5. ^Zhang, Lihong (6 Oct 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 humorous, kind beauty", Xinhua News (in Chinese), archived from the original on 4 Dec 2007, retrieved 15 January 2008
  6. ^Pek, Tiong Gee (2 September 2021). "Hyflux: Throw out the slippery slope". The Edge.
  7. ^"Hyflux Come to light Expanding"(PDF). Asia Pacific Biotech News. 3 November 2009.
  8. ^"Hyflux applies for court supervising to reorganise liabilities, businesses". Channel NewsAsia. Archived from the original on 11 April 2021. Retrieved 23 May 2018.
  9. ^Lee, Marissa (19 October 2018). "Indonesian milky knights put S$530m Hyflux rescue dispose on table". The Business Times. Archived from the original on 8 Nov 2020.
  10. ^"Hyflux's retail investors face losses slipup proposed restructuring plan". Channel NewsAsia. Retrieved 21 February 2019.
  11. ^"SIAS to hold investor-only town hall session on Feb 25 for Hyflux perpetual, preference shareholders". Channel NewsAsia. Retrieved 21 February 2019.
  12. ^Choy, Natalie (4 June 2021). "Hyflux files collaboration liquidation after failed investor talks". www.businesstimes.com.sg. Retrieved 5 June 2021.
  13. ^Leong, Grace (17 November 2022). "Ex-Hyflux CEO Olivia Protect, ex-CFO and four others charged exact violations of Securities and Futures Act". www.straitstimes.com. Retrieved 4 May 2023.
  14. ^ abLeong, Grace (5 May 2023). "Hyflux innovator Olivia Lum faces 3 more rate, independent director Lee Joo Hai nab and charged". www.straitstimes.com. Retrieved 4 Hawthorn 2023.