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HR manager in Hyflux subsidiary charged with corruption source: https://www.straitstimes.com/singapore/hr-manager-in-hyflux-subsidiary-charged-with-corruption?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-06-03 14%3A06%3A20 SINGAPORE - The human resource manager of a Hyflux subsidiary was charged with corruption on Wednesday (June 3). Khoo Chen Ee, 36, a manager in Hydrochem (S), is accused of receiving or agreeing to receive about $7,000 in "rewards" on three occasions between August and December 2018 from the director of Leeds HR Solution, Mr Elumalai Selvakumar. Hydrochem is the predecessor of Hyflux. It was set up by Hyflux founder Olivia Lum in 1989 and became a wholly-owned subsidiary when Hyflux was incorporated in 2000 ahead of its public listing. The beleaguered water treatment firm is currently under criminal investigation for suspected false and misleading statements, as well as non-compliance with accounting standards. Khoo, a permanent resident, said in court on Wednesday that he intends to plead guilty. He will be back in court on June 26. The Corrupt Practices Investigation Bureau (CPIB) did not say whether Mr Elumalai is facing any corruption charge, but it warned that businesses should have a level playing field to advance their interests and engage in honest competition. "Individuals who resort to corrupt means to advance business interests will have to face the full consequences of the law," it said in a statement. Those convicted of a corruption offence can be fined up to $100,000 or sentenced to jail of up to five years or both.
https://www.straitstimes.com/business/hyflux-investors-plan-hong-lim-park-protest-on-saturday I guess no matter what they do, they are not getting their 100k worth of investments back....
As topic, is it a good buy? And then how to apply for it ah? Thanks!
As above .. Gurus here any comments on this offering? 6% PA for the next 4 yrs seems good lei.. TIA..