HYFLUX’S pre-emptive lawsuit against its founder Olivia Lum Ooi Lin has been put on hold upon the plaintiffs’ application as Hyflux’s liquidators are still investigating if there are sufficient grounds to pursue the claims. 

OLIVIA Lum Ooi Lin is staring at the possibility of legal action taken by the group of companies she founded as the beleaguered Hyflux group and its liquidators have lodged a lawsuit pre-emptively against her.

January 2001 Hyflux raises net proceeds of S$6.8 million in an initial public offering.

OLIVIA Lum Ooi Lin is staring at the possibility of being sued by the group of companies she founded as the beleaguered Hyflux group and its liquidators have lodged a lawsuit pre-emptively against her.

HYFLUX and 35 companies in its group have lodged a lawsuit pre-emptively against their former independent auditor KPMG alleging breach of contract, and possibly pursuing claims that would include over S$400 million in dividends the company paid out between 2010 and 2018.

HYFLUX and 35 companies in its group have lodged a lawsuit pre-emptively against their former independent auditor KPMG alleging breach of contract, and possibly pursuing claims that would include over S$400 million in dividends the company paid out between 2010 and 2018.

Singapore is girding to tackle white-collar cases that are expected to become more complex as the city-state expands as a global financial hub.The crime unit of its prosecutor’s office is “actively recruiting” to add to its current bench of about 200 prosecutors and investing in technology tha...

SINGAPORE: The Monetary Authority of Singapore (MAS) on Wednesday (Apr 27) gave an update on major investigations involving ongoing high-profile cases such as Noble Group and Hyflux, as part of efforts to provide greater transparency. The updates were included i

Singapore authorities’ multi-year probe into suspected disclosure offences of Noble Group is at an “advanced stage”, and is expected to “reach a conclusion” in 3Q this year, says the Monetary Authority of Singapore.Up till 2015, Noble was a high-flying Hong Kong-based, Singapore-listed com...

THE Monetary Authority of Singapore (MAS) has provided updates on the investigation of ongoing high-profile cases in its bid to provide greater transparency on ongoing efforts.

Some time ago, Singaporean investors were perceived to have quite an international outlook. The experienced investors, in particular, knew what they were getting themselves into when dabbling in the foreign markets. But a few notable events coloured this perception of the savvy Singaporean, says Car...

THE liquidators for water-treatment company Hyflux said on Thursday (Nov 18) that unsecured creditors, including medium-term noteholders, are likely to receive a "small dividend" following the sale of assets.

When investors hear the words “water treatment company”, one stock that comes to mind is Hyflux. Once upon a time, Hyflux was the local gem that showed a promising future. But no one would have imagined that Hyflux’s growth would end up hurting its financials, causing the company to suffer the...

Q: Why can’t I make money in the Singapore market? A: Well, you can also lose money in 2021 punting GameStop, Chine techs and even Tesla. Every so often, our local media features success stories of some unnamed investor making quick bucks in the US, Hong Kong, or from some kind of sexy foreign inv...

THE falls of the once-high-flying water treatment company Hyflux, as well as of other oil and gas companies, have cast a spotlight on the debt restructuring process and insolvency proceedings in Singapore.