Rounding up top investing articles from around the web, including articles shared in our Facebook Group and Reddit Community: r/SingaporeInvestments.
Hyflux founder and former chief executive Olivia Lum Ooi Lin, former chief financial officer Cho Wee Peng and four former board members were on Thursday charged with violations of the Securities and Futures Act.
In a joint statement, the authorities said the six were charged over “Hyflux’s intentional failure to disclose information relating to the Tuaspring Integrated Water and Power Project”.
Lum, 61, was also charged with an offence under the Companies Act for her failure in ensuring Hyflux’s compliance with accounting standards. She is out on agency bail of $100,000.
The former Hyflux independent directors charged for disclosure-related offences were: Teo Kiang Kok, Christopher Murugasu, Gay Chee Cheong and Rajsekar Kuppuswami Mitta....
