The Business Times

Hyflux

Global Enterprise

From coal to cemeteries: the top 10 billionaires in South-east Asia and the business empires they helm

Jeanne Soh, managing director for structured finance in the Asia-Pacific at SMBC, has completed her testimony.
Energy & Commodities
HYFLUX TRIAL

Banks initially not told of Tuaspring power plant to prevent information leak, court told

Jeanne Soh said that the banks were not initially informed that the Tuaspring project comprised not only the desalination plant (above) but a power plant as well.
Energy & Commodities
HYFLUX TRIAL

Banks not told of power plant when they gave in-principle loan commitment to Hyflux’s Tuaspring project: witness

The offer information statement is the subject of scrutiny in the hearing of Hyflux’s former chief executive officer Olivia Lum (above), former chief financial officer Cho Wee Peng and four board members.
Energy & Commodities

Hyflux ex-company secretary testifies 2 lawyers involved in preference shares document

Yang Ai Chian, who was formerly employed by Hyflux as senior vice-president for legal (business), was testifying as a witness for the prosecution.
Energy & Commodities

Legal officer ‘responsible’ for the compliance of fundraising document named in Olivia Lum’s trial

Yang Ai Chian was employed by Hyflux between 2004 and 2013 in a legal role.
Energy & Commodities

Former Hyflux legal officer unaware of power plant in bid for Tuaspring project

Olivia Lum is contesting the two charges against her over Hyflux's alleged non-disclosure of material information in two instances.
Energy & Commodities

Former Hyflux comms executive testifies that news release did mention power business

Hyflux building in Kallang Bahru in 2020. The prosecution and defence had a war of words in the Hyflux criminal trial on Sep 3.
Companies & Markets

Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy

The prosecution’s third witness, Mr Nah Tien Liang, Hyflux’s former vice-president of investment, outside the State Courts on Sep 2.
Companies & Markets

Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns

Olivia Lum and four independent directors are on trial for non-disclosure of material information relating to the Tuaspring project.
Companies & Markets
BT EXPLAINS

Olivia Lum trial: What counts as non-disclosure?

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