Press Release

Letter to Hyflux Board – Status of Hyflux restructuring

Board of Directors Hyflux Ltd Hyflux Innovation Centre 80 Bendemeer Road Singapore 339949 Attn: Ms Olivia Lum Dear Board Members, RE: Status of Hyflux restructuring Hyflux investors are seriously concerned arising from the current uncertainty caused by PUB’s notice of default, recent SMI’s notice to Hyflux and...

Read More

Letter from Hyflux Board to SIAS – HYFLUX RESTRUCTURING

Reply from Hyflux to SIAS Alternative Proposal on 27 February 2019 Mr David Gerald President and CEO Securities Investors Association (Singapore) 7 Maxwell Road #05-03 MND Building Annexe B Singapore 069111 Dear Mr Gerald, RE: HYFLUX RESTRUCTURING We refer to your letter dated 27 February 2019 in respect...

Read More

Commentary: Best armour against risk is an informed investor

First published in The Business Times on 8 March 2019 THE collapse of water treatment firm Hyflux Ltd has raised many important questions, not least of which is whether retail investors who ploughed millions into the company's perpetual securities and preference...

Read More

Letter to Hyflux Board – SIAS Alternative Proposal

The Hyflux board was handed the attached letter by me at a meeting with the Board yesterday afternoon. The Board informed me that in response to our letter, it will be taking action, through its advisors, to talk to the...

Read More

Press Statement – SIAS meeting with CAD and MAS on Midas

SIAS officials met with officers from the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) on 13 February 2019 to relay the concerns of Midas’ shareholders, who are anxious about the outcome of the police reports lodged with...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More