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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