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Offer by Olivia Lum for HyfluxShop Holdings is voluntary
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Nisha Ramchandani
Published Thu, Feb 15, 2018 · 09:50 PM
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Singapore
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 that controlling shareholder Ms Lum must make a mandatory offer for HyfluxShop after the completion of a dividend in specie distribution.
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