ENGINEERING and service solutions firm Ellipsiz will appoint businessman David Lum as an adviser.
In a bourse filing on Thursday (Feb 13), the mainboard-listed group said that it entered into an advisory agreement with Lum.
He will be appointed as an independent contractor to provide advisory services to the board on the company’s business activities.
It added that no fee will be paid to Lum for the services, although he will be provided with “administrative and other support including transport for the purposes of carrying out his duties”.
The group will benefit from the appointment through Lum’s expertise in strategic planning and business development, as well as his extensive regional network of contacts, it said.
Lum is the managing director of mainboard-listed construction company Lum Chang. He is a controlling shareholder of Ellipsiz and is the father of Adrian Lum and Denise Lum, who are both directors of Ellipsiz.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Lum was one of two businessmen involved in the corruption case against former minister S Iswaran.
His dealings with Iswaran, for which the ex-minister was convicted and sentenced under Section 165 of the Penal Code, included gifting Iswaran 14 bottles of whisky and wine with a total value of S$3,255.75, as well as a Brompton bicycle valued at S$7,907.50.
In October 2024, the Attorney-General’s Chambers said that it would not be tendering charges against businessman Lum for his involvement, saying then that it considered all the relevant facts and circumstances of the case, including the role that Lum played in each of the transactions.
The other businessman, property tycoon Ong Beng Seng, faces one charge of abetting offences under Section 165, and one charge of abetting the obstruction of justice. Ong is the founder of mainboard-listed Hotel Properties Limited.
In September 2024, Iswaran pled guilty to five charges (one count of obstructing justice and four counts under Section 165) and was later sentenced to 12-months jail.
He was moved to home detention on Feb 7 after spending four months in jail.
Shares of Ellipsiz closed trading up 11.8 per cent or S$0.03 at S$0.285, before the update.
