Olivia Lum trial: What is non-disclosure

The trial of former Hyflux CEO Olivia Lum and others began on August 11, focusing on allegations of non-disclosure regarding the Tuaspring project. They are accused of failing to inform the Singapore Exchange of critical information that could have affected the company's share value, leading to significant losses for investors. The prosecution argues that the project's reliance on volatile electricity sales was not disclosed, which could have influenced investor decisions. If convicted, the accused face severe penalties, including imprisonment and fines.