Hyflux

2025 in review: CDL spat, Hyflux trial among corporate events that shook Singapore

Defence, prosecution spar over Hyflux’s stated plans for share issue proceeds

Corporate lawyer Ng Joo Khin was called to the stand on Nov 17 as the 18th prosecution witness.

Hyflux did not initially reveal power plant plan to avoid leak of its strategy, says defence

Sumitomo Mitsui Banking Corporation executive Jeanne Soh said she did not remember if Hyflux’s power strategy was shared with SMBC.

Tuaspring project was riskier than a typical integrated plant: Hyflux prosecution witness

A Hyflux building at Kallang Bahru, 3 Jun 2020. The buildings looks like it is empty and unoccupied. The gates are locked and there are no guards in sight.

Former deputy CEO of Hyflux said company not perceived as utilities firm before bid for Tuaspring

ID confirmed by Photog Kelvin Chng and Grace Leong ST//

(in light Grey jacket and White inner shirt)Hyflux’s ex-deputy CEO and ex-group senior executive vice-president Sam Ong Eng Keang //

New witness- take the stand on day 18 of the criminal trial of the defunct water treatment company’s founder Olivia Lum, and five others. Mr Ong left Hyflux in March 2014 and joined SMRT Corp as group chief financial officer, but he quit after just 8 months – making him the shortest-serving CFO at the Temasek Holdings-owned company.

Ex-Hyflux deputy CEO Sam Ong not aware of ‘magnitude of losses and profits’ of Tuaspring project

On Day 18 of the criminal trial on Sept 22, Mr Ong told the court that the desalination plant can be subsidised as “the power tariff is, quantum wise, higher than the water tariff”.

Analysts upgraded Hyflux’s ratings despite its power strategy: Defence

Ms Winnifred Heap, who used to head corporate communications and investor relations at Hyflux, was the prosecution’s second witness on Sept 10.

Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy

A Hyflux building at Kallang Bahru, on June 3, 2020.

Hyflux got only $150 million bank loan for $890 million project because of cash flow concerns

The prosecution’s third witness, Mr Nah Tien Liang, Hyflux’s former vice-president of investment, outside the State Courts on Sept 2.

Presentations to board, analysts on Hyflux’s Tuaspring disclosed planned electricity sales: Defence

The prosecution’s second witness, Ms Winnifred Heap, the company’s former head of corporate communications and investor relations, was cross-examined on Aug 21.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.