"We are deeply saddened and disappointed that despite our continued efforts through the years, the company’s business did not succeed in the manner we had intended, and the Company now finds itself in its current state. We seek your understanding as the company works its way through this very difficult time,” says Lum in its cover letter.
SINGAPORE (Feb 15): Olivia Lum, chairman and CEO of Hyflux, expressed regret that the water company she founded had imploded in such a spectacular manner that it required a bailout.
She was responding to the queries raised by Securities Investors Association Singapore (SIAS) on behalf of stakeholders.
