Poster girl Olivia Lim pays the price for diversifying into energy sector. (File pic shows Hyflux Ltd group chief executive officer (CEO) and president Olivia Lum Ooi Lin holding up a copy of the Executive Inc. magazine featuring herself on its cover during a visit back to her hometown Kampar)
PETALING JAYA: Singapore-listed Hyflux Ltd, a company owned by Malaysia-born Olivia Lum, is facing trouble following its diversification into the power-generation sector.
The company, whose mainstay is in the business of water treatment, is under scrutiny following the sharp fall in the prices of its two financial instruments, namely S$400mil (RM1.18bil) in preference shares and S$500mil (RM1.48bil) worth of perpetual securities.
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