Ms Lum and parties acting in concert with her now hold 60.83 million shares (54.2 per cent) of HyfluxShop. She will offer 17.83 Singapore cents per HyfluxShop share, matching a partial offer she made as part of the earlier in specie distribution.
SPH FILE PHOTO
THE offer by Hyflux's chief executive Olivia Lum for consumer business, HyfluxShop Holdings, is voluntary and not mandatory, Hyflux clarified in an announcement this week.
In a Feb 12 statement, the company sought to clarify its earlier announcement on Feb 1, which stated...