Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg
Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg
Singapore

How Singapore’s corporate darling Hyflux and founder Olivia Lum fell from grace

  • The firm put Singapore on the map as a water treatment innovator and made its founder rich; now it owes billions and is staving off bankruptcy
  • The fiasco has become a case study for corporate governance gaps in Singapore – but was it all just a case of a ‘basic mistake’?

Topic |   Singapore
Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg
Investors gather in Singapore’s Speaker’s Corner to protest against Hyflux’s debt restructuring plan. Photo: Bloomberg
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