These investors, many of whom put in CPF funds, staged a rare protest last month, even though the government has said it will not bail out the company. And just last week, plans for a white knight Indonesian consortium to bail out the beleaguered firm came to nothing.
As a young girl, Ms Lum started earning her money early, through selling sandwiches at school, playing the clarinet for funerals, and weaving baskets. The website of Hyflux says that she sold the apartment for S$20,000 after three years, using this money to start her own company, Hydrochem. Ms Lum’s star was definitely on the rise by then, even to the point of becoming a nominated member of parliament in Singapore. Her net worth grew to $500 million.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hyflux aborts investment deal with SM InvestmentsHyflux yesterday aborted a key investment deal with would-be saviour SM Investments (SMI) and cancelled a critical creditors' vote scheduled today, throwing its future in doubt. The beleaguered water treatment firm also cancelled a scheme meeting on April 8 and an...
Source: thenewpaper - 🏆 7. / 63 Read more »