Hyflux CEO Olivia Lum, board offer to give up company stake to other shareholders | Video

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Hyflux CEO Olivia Lum, board offer to give up company stake to other shareholders | Video

(Updated: )

The executive chairman of embattled water treatment company Hyflux and its board members are set to distribute their entire stake of shares and securities in the company to all other shareholders. Holders of Hyflux’s perpetual securities and preference shares will be allocated a cash payout of S$27 million and 10.26 per cent of the company’s shares post-restructuring. Eugenia Lim reports.

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