Press Release

Questions to Hyflux Board

8 February 2019 Board of Directors Hyflux Ltd Hyflux Innovation Centre 80 Bendemeer Road Singapore 339949 Through Ms Olivia Lum, Executive Chairman & Group Chief Executive Officer Questions to Hyflux Board Dear Olivia and Board members, SIAS, representing the interests of the numerous stakeholders of various securities, is seriously concerned that...

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Press Statement – Hyflux investors expect more to be done for them

There is much expectation from the Hyflux investors, some 50,000 of them, that they will be advised at tomorrow’s townhall meeting as to how they can recover their investments in Hyflux. There have been discussions between the company and the...

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Commentary: Hyflux should be given chance to survive amid restructuring

First published in Business Times on 11 January 2019 The annals of Singapore's corporate history are filled with the names of companies that went bankrupt and had to be liquidated, much to the dismay of their shareholders and creditors. From Pan-Electric...

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Press Statement – Appointment of John Lim, co-founder of ARA Asset Management, ARA Group as Patron of SIAS

SIAS is pleased to announce that Mr John Lim, co-founder of ARA Asset Management, ARA Group as Patron of SIAS with effect from 1st January 2019. Our constitution provides for the appointment of a Patron : “The Management Committee may also...

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Commentary: LTC minorities should not hold out for SGX’s proposed changes

First published in Business Times on 30 November 2018 SOMETIMES the best of intentions can lead to unintended outcomes. Such appears to be the case with steel trading firm LTC Corp (formerly known as Lion Teck Chiang). Its privatisation-cum-delisting plans have been...

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Press Statement: LTC Corp Delisting Saga

Investors are naturally confused as the new proposal by SGX is preliminary and only open for consultation. It is not in force yet. The fact is, the rights of shareholders, presently in this instance, fall under the current rules. The offeror...

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Commentary: Harmony needed to achieve best results at AGMs

First published in Business Times on 23 October 2018 It is key for all parties to understand their roles and observe basic tenets of respect, courtesy and tolerance. FOR shareholders of listed companies, the Annual General Meeting (AGM) offers a once-a-year opportunity...

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Commentary: Where is Hyflux now?

First published in Business Times on 5 October 2018 IN June, the Securities Investors Association (Singapore) (SIAS) appealed to stakeholders of troubled water treatment firm Hyflux to give the company the time it needs to try and get its affairs...

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Press Statement – SIAS appoints Mr. Daniel Teo as Chairman

SIAS is pleased to announce the appointment of Mr. Daniel Teo as its 5th Honorary Chairman with effect from 1 August 2018, to succeed the late Mr. Magnus Böcker, who suddenly passed away in July 2017. The appointment of the Honorary...

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Press Statement: Update on SIAS data breach

Yesterday 25 July 2018, SIAS was informed by officers from Cyber Security Agency (CSA) about a tip-off email that the database relating to our memberships, consisting of their name, NRIC no. and telephone no. of 2013 could have been breached...

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