Press Release

Press Statement: Offer by MEO to Bondholders

SIAS refers to the announcement by Miclyn Express Offshore Pte Ltd (MEO), on 20 November 2019, that it has improved the Early Bird Bonus terms as referred to in its Townhall Presentation dated 20 September 2019, after discussions with its...

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Press Statement: Utico’s offer to Hyflux

SIAS is pleased that a deal has been struck between Hyflux and Utico. We have always been against judicial management or liquidation which brings no benefit at all to retail investors, the P&Ps. When the first deal failed, many gave...

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Press Statement: MAS Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens

SIAS notes that MAS proposes to regulate payment token derivatives contracts that are traded on Approved Exchanges in Singapore and will introduce additional measures for retail investors. SIAS has been noticing also interest from retail investors wanting to participate in...

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Press Statement: Lack of finality on Utico’s offer – SIAS concerned

SIAS has been closely monitoring the progress of the negotiations between Hyflux and Utico, the investor, in the last few months. SIAS is seriously concerned that there is no finality yet on Utico’s offer. SIAS is concerned that while Hyflux together...

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Commentary: Why we should all be active investors

First published in Business Times on 16 November 2019 Investors should monitor their investments, keep abreast of company developments by reading annual reports and choose products that suit their risk profile. ONE of the topics in October's World Investor Week's public seminars,...

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Commentary: Enhancing protection for minorities during times of corporate distress

First published in Business Times on 21 October 2019 SECTION 211B of the Singapore Companies Act was amended in 2017 as part of a major overhaul of Singapore's corporate restructuring and insolvency laws in order to make it easier for companies,...

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Press Statement: SIAS clarifies UTICO’S Media Statements

Clarifications to statements in the articles published in the Straits Times dated 28 September 2019 titled “Utico backs Hyflux debt moratorium extension” (“ST Article”); on CNA dated 27 September 2019 titled “Utico says it will support Hyflux’s moratorium extension...

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Press Statement: Miclyn Express Offshore Pte Ltd (“MEO”) offers better restructuring proposal at townhall meeting for Noteholders

On 20 September 2019, MEO hosted its second townhall meeting for the holders of MEO’s US$150,000,000 8.75 per cent Senior Secured Guaranteed Bonds Due 2018 (“MEO Notes” and “Noteholders”).  At the townhall meeting, MEO explained its debt structure to the...

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Press Statement: SIAS seeks update on Hyflux

SIAS met with the directors of Hyflux on 16 September 2019. At the meeting, Hyflux updated SIAS on the efforts undertaken by Hyflux to secure an investor. SIAS is encouraged by the efforts put in by Hyflux in its negotiations...

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Commentary: SGX’s new delisting measures: Crucial that intent and disclosures are clear

First published in The Business Times on 19 August 2019 Companies and offerors should reach out to all shareholders by all means possible about what exactly is on the table to ensure that minorities will not be shortchanged. FOR far too long,...

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