OLIVIA Lum Ooi Lin is staring at the possibility of being sued by the group of companies she founded as the beleaguered Hyflux group and its liquidators have lodged a lawsuit pre-emptively against her.
The case was filed by the mainboard-listed water treatment company Hyflux, together with 35 subsidiaries as well as the 2 liquidators from Borrelli Walsh who are in charge of winding up the group, after failed attempts by Hyflux to stave off liquidation.
A cause book search...
I believe based on the financial situation and that spring the issuance of bonds and rights was with knowledge the company will lolely kaput ...purpose was to keep it running a bit longer
I think minimally there were disclosure issues but it can be more serious.
Pauper to millionaire, even with karma in play not likely she will become a pauper again.
Accumulated heavy savings over the years ...enough to last her life time with her 2 big dogs.
(11-05-2022, 03:03 PM)hansamu Wrote: [ -> ]Pauper to millionaire, even with karma in play not likely she will become a pauper again.
Accumulated heavy savings over the years ...enough to last her life time with her 2 big dogs.
A lot of Jiu Hu Kia come singapore and Milk our land....eg. Grab Balls....Olivia Lum Par..and that John Soh Lum Par of Penny saga..
(11-05-2022, 03:24 PM)Sharexchange Wrote: [ -> ]A lot of Jiu Hu Kia come singapore and Milk our land....eg. Grab Balls....Olivia Lum Par..and that John Soh Lum Par of Penny saga..
True. Including thousands who have been working, studying and staying here over the years.
(11-05-2022, 03:03 PM)hansamu Wrote: [ -> ]Pauper to millionaire, even with karma in play not likely she will become a pauper again.
Accumulated heavy savings over the years ...enough to last her life time with her 2 big dogs.
what is the point if have to trade freedom (jail)
for money
(11-05-2022, 03:04 PM)Niubee Wrote: [ -> ]She was gambler in MBS..
how u know
she goes mbs to gamble
(11-05-2022, 06:40 PM)Talent Wrote: [ -> ]how u know
she goes mbs to gamble
No wonder. Huflux to her is just a puppet money milking machine la..
Cash sucker....
It would be good if she can gracefully return a big part of her assets to the innocent 34000 retail investors.
(11-05-2022, 03:03 PM)hansamu Wrote: [ -> ]Pauper to millionaire, even with karma in play not likely she will become a pauper again.
Accumulated heavy savings over the years ...enough to last her life time with her 2 big dogs.
Wow !! One women with 2 big dogs what will happen?!!
this jinx evil olivia knew that the company was in deep un-salvageable financial shit hole still go ahead to con people to buy her perpetual bonds.
even retired's money also swallow to enjoy herself. pui, kan.
she lost old people hard earned money
she has to payback
(11-05-2022, 09:57 PM)Talent Wrote: [ -> ]she lost old people hard earned money
she has to payback
Must sue and make her cough out the losses. Can't be all the stakeholders suffer huge losses while she keep the money and remain rich. Need to set the right precedent to deter others from committing fraud and cause huge sufferings to retail investors.
It is a write off for all the 34000 retailers...all gone.
Sad, especially for those zero income retirees.
(11-05-2022, 10:14 PM)Instinct Wrote: [ -> ]Must sue and make her cough out the losses. Can't be all the stakeholders suffer huge losses while she keep the money and remain rich. Need to set the right precedent to deter others from committing fraud and cause huge sufferings to retail investors.
sgx and gov useless
Many corporate bosses are like her. So when they give too good a deal, ask yourself if they themselves are buying it.
(11-05-2022, 10:25 PM)hansamu Wrote: [ -> ]It is a write off for all the 34000 retailers...all gone.
Sad, especially for those zero income retirees.
Sad
(11-05-2022, 10:34 PM)Talent Wrote: [ -> ]sgx and gov useless
They side with jhk.
(11-05-2022, 10:34 PM)Talent Wrote: [ -> ]sgx and gov useless
she should be arrested for corruption by CPIB
knowing hyflux in trouble still decieve pple and sell the perpetual bonds
knowing jolly well it can never be paid back
Olivia needs to be executed
(12-05-2022, 07:22 AM)winbig Wrote: [ -> ]They side with jhk.
They are all the same
(11-05-2022, 10:34 PM)Talent Wrote: [ -> ]sgx and gov useless
Cronies
she has super black heart
sucked invertor's money when the company was not doing well
(12-05-2022, 09:05 AM)drgn Wrote: [ -> ]she has super black heart
sucked invertor's money when the company was not doing well
Wicked witch....