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Hyflux queried over CEO's remuneration : Sias also flags 'faults and defects' in troubled firm's assets, seeks answers on board accountability

Feb 11, 2019 - The Straits Times (Singapore)

The Securities Investors Association (Singapore), or Sias, has raised a slew of questions regarding troubled water treatment company Hyflux - from its chief executive's "large remuneration" even as the firm racked up debt and losses, to the "faults and defects" in its assets.

In a letter signed off by its president David Gerald and on behalf of the company's stakeholders, Sias expressed concern that questions on the company's operations, the valuation of its assets and the accountability

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