Hyflux

Control of the company's operation has been transferred to the appointed judicial managers Hamish Alexander Christie and Patrick Bance of Borrelli Walsh.

[2] The company started initially as Hydrochem (S) Pte Ltd in 1989[3] with a start-up capital of S$20,000 and three staff, selling water treatment systems.

[4][5] By January 2001, Hyflux had become the first water treatment company to be listed on SESDAQ, and was upgraded to the Singapore Exchange's Mainboard in April 2003.

[2] On 17 November 2022, ex-CEO Olivia Lum, ex-CFO Cho Wee Peng and four other former board members were charged with violations of Singapore's Securities and Futures Act.

[14] On 5 May 2023, Singapore's State Court added three additional charges against Olivia Lum, citing violations of the Companies Act related to an allegation that she failed to exercise diligence in the discharge of her duties as a director.