Olivia Lum says she will take S$1 salary until Hyflux is restructured

Singapore

AMID cries for her to step down or be replaced by a judicial manager, Hyflux chief Olivia Lum has decided to take a pay cut in another late show of solidarity with retail investors who face combined losses of more than S$900 million.

"I have decided that henceforth, I will only draw a nominal S$1 annual salary until Hyflux is successfully restructured," Ms Lum wrote in a court affidavit that was read out on Thursday.