SIAS queries Hyflux chief Olivia Lum and board on remuneration, operations
It seeks answers to long list of queries to help securities holders make an informed decision in relation to company's restructuring
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Singapore
IN a letter to the board of Hyflux and its executive chairman and group chief executive Olivia Lum on Friday, Securities Investors Association Singapore (SIAS) chief David Gerald wrote that he was "seriously concerned" that questions regarding the operations, valuation and accountability of the board of directors have not been addressed.
He requested that Hyflux respond to the list of questions in the letter to help securities holders make an "informed decision" with respect to the restructuring.
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