Hyflux Ltd (Hyflux) was a sustainable products and research company listed on the Singapore Stock Exchange (SGX).
The company was founded in 1989 by Olivia Lum, Group CEO, President and Managing Director.
In 2006, the company was given the 'Water Company of the Year' award, at the 'Global Water Awards', by the Global Water Intelligence, UK.[ citation needed ]
The company was placed under judicial management (JM) on 19 November 2020 by the Singapore Courts due to excessive debts. Control of the company's operation has been transferred to the appointed judicial managers Hamish Alexander Christie and Patrick Bance of Borrelli Walsh. [1] The company has been approved to wind up on 21 July 2021. [2]
The company started initially as Hydrochem (S) Pte Ltd, in 1989 with a start-up capital of S$20,000 and three staff, selling water treatment systems.[ citation needed ]
In 2008, the group had net profits of S$59 million. [3] In 2016, the group had net profits of S$3.8 million.
On 21 May 2018, the company suspended its shares and applied for court supervision to reorganise liabilities and businesses the next day. [4]
On 19 October 2018, conglomerate Salim Group and energy giant Medco Group agreed to offer Hyflux a S$400 million equity injection, in exchange for a 60 per cent stake in the company once it has settled all its debts. [5] [6] [7]
On 4 June 2021, judicial managers filed an application with Singapore's court to wind up the company after failed negotiations with an investor. [8]
On 21 July 2021, Singapore's high court has approved for Hyflux to wind up and be liquidated with its judicial managers being its liquidators. [2]
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore.
City Harvest Church or CHC is a pentecostal megachurch located within the Yunnan subzone of Jurong West planning area, Singapore.
Olivia Lum Ooi Lin is a Singaporean businesswoman. She is best known for being the founder, group chief executive officer, and president of the Singapore-based Hyflux Group. She also heads the Research and Development function.
Sembcorp Industries (Sembcorp) is an energy and urban development company.
The following lists events that happened during 1962 in Singapore.
Hri Kumar Nair is a Singaporean lawyer and former politician. He is the Deputy Attorney-General of the Republic of Singapore. From 2006 to 2015, he was a Member of Parliament and a member of the People's Action Party. Nair retired from politics after his wife’s diagnosis of lymphoma in 2012.
Sunshine Empire was a Multi Level Marketing (MLM) company, set up in 2006, based in Singapore. It is now defunct, with assets frozen by the Singapore Court. The company is listed by the Singapore Government's Monetary Authority in its Investor's Alert List, for possibly running investment schemes without authority. After investigation by the Commercial Affairs Department (CAD) of the Singapore Police and a court trial, Sunshine Empire's Directors were charged with and found guilty of fraud, criminal breach of trust and falsifying accounts.
Malaysia–Singapore relations, also known as Malaysian–Singaporean relations, refers to the bilateral relations between Malaysia and the Republic of Singapore, after the expulsion of Singapore from Malaysia in 1965. Singapore has a high commission in Kuala Lumpur and a consulate general in Johor Bahru, while Malaysia has a high commission in Singapore. Both countries are full members of the Commonwealth of Nations and ASEAN.
The Online Citizen is a blogging platform based in Taiwan. Founded in December 2006 by Andrew Loh and Remy Choo Zheng Xi in Singapore, it was mostly involved in political activism. It describes itself as a group of advocacy journalists who report on topics not generally covered by the mainstream media.
Fraser and Neave, Limited (F&N) is a Singaporean food and beverage, publishing and former brewing and property industries conglomerate. It is owned by Thai Chinese billionaire business magnate Charoen Sirivadhanabhakdi.
CapitaLand is a Singaporean headquartered company focusing on investment, development and management of real estate. It is one of Asia's largest real estate companies and the owner and manager of a global portfolio comprising integrated developments, shopping malls, lodging, offices, homes, business parks, industrial and logistics assets, as well as real estate investment trusts (REITs) and funds.
The Johor Bahru–Singapore Rapid Transit System is a cross-border rapid transit system that will connect Johor Bahru, Malaysia and Woodlands, Singapore, crossing the Strait of Johor. It will consist of two stations, with the Malaysian terminus at Bukit Chagar station and the Singaporean terminus at Woodlands North station.
Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.
Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational technology company. It is the developer of the Grab super-app, which provides users with transportation, food delivery and digital payments services via a mobile app. Grab currently operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. It is Southeast Asia's first decacorn, and the biggest technology startup in the region.
The City Harvest Church Criminal Breach of Trust (CBT) Case is the biggest Criminal Breach of Trust (CBT) case in Singapore since the beginning of the 21st century. Church founder Kong Hee was found guilty of misappropriating some S$50 million of church funds with the help of five key church leaders. Approximately S$24 million was invested in sham bonds to bankroll the pop-music career of his wife, Ho Yeow Sun.
Jewel Changi Airport is a nature-themed entertainment and retail complex surrounded by and linked to Changi Airport, Singapore, linked to one of its passenger terminals. Its centrepiece is the world's tallest indoor waterfall, the Rain Vortex, that is surrounded by a terraced forest setting.
Ravi Madasamy, better known as M Ravi, is a Singaporean lawyer, activist and writer best known for his involvement in numerous high-profile court cases related to human rights issues in Singapore, including the death penalty, freedom of expression, LGBT rights and voting rights. He also stood for election during the 2015 general election by joining a six-member Reform Party team contesting in Ang Mo Kio GRC against the governing People's Action Party, but they lost after garnering just 21.36% of the vote.
Eugene Singarajah Thuraisingam is an international arbitration and commercial litigation lawyer from Singapore. He is the founder of the law firm Eugene Thuraisingam LLP, a law firm that specialises in international arbitration and criminal and commercial litigation. He is also known for his advocacy of human rights and for being a staunch opponent and outspoken critic of the death penalty in Singapore. In relation to his domestic practice as a criminal lawyer in Singapore, Thuraisingam was also known for defending many alleged suspects in high profile criminal trials, including those who are dissidents and critics of the government of Singapore. For his legal service for many defendants in the court of Singapore, Doyles Guide has named him as a leading criminal defence lawyer in Singapore in 2020.
The Protection from Online Falsehoods and Manipulation Act 2019, commonly abbreviated as POFMA and known colloquially as Fake News Law, is a statute of the Parliament of Singapore that enables authorities to tackle the spread of fake news or false information.
Justice Audrey Lim Yoon Cheng is a High Court Judge of the Singapore Supreme Court. She was appointed as Judicial Commissioner of the Supreme Court in 2016 and as a High Court Judge in 2019. She graduated from University of Cambridge in 1993.
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