SINGAPORE, Aug. 10 -- The trial of Hyflux founder and former chief executive Olivia Lum Ooi Lin, former chief financial officer Cho Wee Peng, and several former board members will finally start tomorrow, nearly three years after they were charged under the Securities and Futures Act.
Seven individuals were accused of failing to disclose key information about the Tuaspring Integrated Water and Power Project, which later became central to Hyflux's financial collapse.
Six defendants will contest the charges in a 56-day trial running until Feb 5, 2026, while one former independent director has already pleaded guilty,Singapore's The Straits Times reported.
The case follows Hyflux's 2021 winding-up order, which left about 34,000 investors - ...
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