Press Release

Press Statement: Meeting between Ms Olivia Lum of Hyflux and SIAS

President of SIAS, Mr David Gerald, this afternoon met with Chief Executive of Hyflux, Ms Olivia Lum to discuss the issues of the company and the impact to retail investors.

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Press Statement: Hyflux – Stakeholders need to be engaged

The news that Hyflux is seeking court protection to reorganize its business and address its debt comes as a worry to many retail investors, as many retail investors are invested not only as shareholders, but also through bonds, perpetual securities...

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Press Statement: SIAS calls on directors to declare independence and Fincantieri to improve its offer

SIAS welcomes SGX Regco’s decision to require Vard to convene another EGM and to correct the irregularities in Delisting Circular following the botched EGM for the delisting of Vard held on 30 April. This historic...

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Commentary: How to bring the retail investor back?

First published in Straits Times on 14 May 2018 It is disappointing to read that only 10 per cent of Singapore retail investors believe their investment adviser or firm always puts their...

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Press Statement: China Fibretech – Shareholders to get accountability with Special Audit

For some time now, SIAS has been highlighting to the regulator the plight of the disgruntled shareholders in the suspended company, China Fibretech. Shareholders have lost value in their investment and have long been...

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Press Statement: Vard’s Confusing EGM – SIAS calls on Fincantieri to extend offer

Following the complaints about the confusing VARD EGM on Monday, shareholders of Vard have approached SIAS to express their unhappiness as to how Vard conducted the EGM with respect to the delisting proposal. SIAS has...

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Commentary: SGX RegCo’s harder stance signals its independence

First published in Straits Times on 2 May 2018 Over the past few weeks, the Singapore Exchange’s regulatory subsidiary RegCo has issued strongly worded notices of compliance to three listed companies –...

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Press Statement: Vard – Offer by Fincantieri

SIAS has received feedback from minority shareholders of Vard, their disappointment with respect to the offer by Fincantieri to delist and privatize Vard. The offer of $0.25 per share, shareholders feel, does not reflect...

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Press Statement – SBI Offshore AGM: United We Stand, Divided We Fall

The unhappiness of minority shareholders at SBI Offshore is well known in the market. It is largely due to the lack of results in the hunt for new business by the board since the...

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Commentary: Issues to resolve when tackling gender diversity on company boards

First published in Straits Times on 23 April 2018 Firms’ performance v equality; quotas v free market approach The recently announced Asean Corporate Governance Scorecard 2018 for Singapore must have been disappointing...

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