Leader Biography
  • Home
  • Biography
    • Entreprenuers
    • Actors
    • Politicians
    • Sports
  • Trending
  • Head to Head
  • Web Stories
No Result
View All Result
Leader Biography
No Result
View All Result
Leader Biography

Home » Trending Personalities » Scratch to sky: A cautionary tale of a Singapore’s abandoned child who turned her misfortune to multimillions

Scratch to sky: A cautionary tale of a Singapore’s abandoned child who turned her misfortune to multimillions

by Leader Biography
May 16, 2025
in Trending Personalities
0

Olivia Lum – CEO and President of Singapore based water and power company Hyflux Ltd., is having a hard time as her company is on the verge of insolvency. This is leading thousands of stakeholders in fear of losing their hard-earned money invested in the company.

58-year-old Lum, an internationally accoladed female entrepreneur inspired many with her ‘rags to riches’ success story. Lum who was abandoned by her parents in a hospital after she was born, is known to have faced severe difficulties before founding Hyflux. Having lived for years in a shack without water, she migrated to Singapore at the age of 15 and supported her studies by herself.

Later, Lum graduated in chemistry from National University of Singapore. Throughout her studies, she undertook a part-time job as a tutor, sometimes a saleswoman or a fruit seller. She credits her difficult days to her success and claimed that selling papaya and other fruits along the streets trained her as an entrepreneur.

Recently, the financial conditions of the company worsened and it is standing on the verge of insolvency. Commenting on the current situation of the company, The Energy Market Authority (EMA) of Singapore stated that it is the “result of its own commercial decisions”.  On the other hand, Lum stated that the present brunt is because of the “depressed electricity prices in Singapore”.

Read Also: Venture Capitalist Rajat Khare’s Boundary Holding invested Singapore-based startup

Those who have invested in the company’s stocks are shocked, wandering how can such a successful company collapse so fast. Some of the investors who participated in a protest outside the office of Hyflux claimed that they had invested in the company with the leap of faith in Olivia Lum and not the company. Some of them still believes that Lum will be able to handle the adverse situation and will soon overturn the risk of insolvency.

Her fellow Singapore based Entrepreneur – Elim Chew said, “She’s a fighter, she’ll fight for what she believes in and do whatever she can to turn this around. It’s just sad it’s her because it’s so close to home. When you’re up there, everyone’s your friend. When you’re going down, only a few true friends will be there.”

The company is in the process of negotiating the terms of the reorganization with the potential investors as well as its stakeholders under the supervision of the court. It will be interesting to see how Lum will overcome this difficult phase of her company which she has established with her own blood and sweat.

 

Previous Post

Sahara India Pariwar

Next Post

Chandrayaan 2: Women spearhead India to success

Leader Biography

Related Posts

Natalia Janoszek
Biography

Natalia Janoszek Biography, Age, Height, Relationship, Career, Net Worth

by Satish Sharma
August 26, 2025
Pranit More
Biography

Pranit More Biography, Age, Relationship, Family, Career, Net Worth

by Satish Sharma
August 26, 2025
Clare Fleetwood
Featured

Clare Fleetwood Age, Husband, Relationships, Family, Net Worth, Biography

by Mark
August 26, 2025
Farhana Bhatt
Biography

Farhana Bhatt Biography, Age, Height, Relationship, Career, Net Worth

by Satish Sharma
August 26, 2025
Next Post
chandragyaan 2

Chandrayaan 2: Women spearhead India to success

startups

India witnessed unprecedented growth of Unicorns in 2019; 6 startups join $1 Billion Club

sahil-barua-delhivery

Sahil Barua

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Reading

  • Riya Barde Biography, Age, Family, Fraud, Controversy, Career, Net Worth
  • Avneet Kaur Biography, Age, Boyfriend, Family, Career, Net Worth
  • Amyra Dastur Biography, Age, Height, Relationship, Family, Career, Net Worth
  • Khushi Dubey Biography, Age, Height, Relationship, Family, Career, Net Worth
  • Zeishan Quadri Biography, Age, Education, Relationship, Career, Net Worth
  • Reginald Carroll Age, Cause of Death, Relationships, Net Worth, Biography
  • Amaal Mallik Biography, Age, Family, Relationship, Career, Net Worth
  • Kunickaa Sadanand Biography, Age, Husband, Family, Career, Net Worth
  • Nehal Chudasama Biography, Age, Height, Family, Relationship, Career, Net Worth
  • Abhishek Bajaj Biography, Age, Family, Relationship, Career, Net Worth

About Us

Leader Biography provides you with a range of biographical references, and features the work of some of the leading minds in the business. These compelling stories will make you realize that one needs to be self-motivated in order to be inspired.

Follow Us

Featured Post

  • All
  • Popular

Riya Barde Biography, Age, Family, Fraud, Controversy, Career, Net Worth

Avneet Kaur Biography, Age, Boyfriend, Family, Career, Net Worth

Amyra Dastur Biography, Age, Height, Relationship, Family, Career, Net Worth

Khushi Dubey Biography, Age, Height, Relationship, Family, Career, Net Worth

Zeishan Quadri Biography, Age, Education, Relationship, Career, Net Worth

Reginald Carroll Age, Cause of Death, Relationships, Net Worth, Biography

Recent News

  • Business

Ravi Ghai Biography, Age, Wife, Family, Career, Net Worth

Brandon Blackstock Biography, Age, Wife, Family, Career, Net Worth

Sabeer Bhatia Age, Education, Family, Biography, Career, Net Worth

C. Vijayakumar Biography, Age, Education, Family, Career, Net Worth

Sumant Kathpalia Biography, Age, Education, Family, Career, Net Worth

Shailesh Jejurikar Biography, Age, Education, Career, Net Worth and More

  • Leader Biography
  • About
  • Contribute Us
  • Disclaimer
  • Privacy Policy
  • Contact Us

© 2021 Leader Biography. All Rights Reserved.

Contact Us

No Result
View All Result
  • Home
  • Biography
    • Entreprenuers
    • Actors
    • Politicians
    • Sports
  • Trending
  • Head to Head
  • Web Stories

© 2021 Leader Biography. All Rights Reserved.