Press Release

Press Statement – Hope for Hyflux P&Ps with improved terms from SGI

As announced by Hyflux on 13 November 2020, SGI issued a non-binding and conditional term-sheet proposing various terms for Hyflux’s creditors.  In SGI’s term-sheet, P&P holders are offered a cash consideration of S$41 million (which represents a 4% recovery) and...

Read More

A strong corporate culture is a valuable asset

First published in Business Times on 13 October 2020 Companies with a robust and ethical culture in place are better equipped to deliver superior performance for their stakeholders and gain the market's confidence. The Monetary Authority of Singapore (MAS) last month issued...

Read More

Press Statement – SGI’s expression of interest to Hyflux

SIAS refers to the latest announcement by Hyflux regarding the expression of interest (EOI) by Strategic Growth Investments LLC (SGI). The EOI provides for a total of $32m in cash for PnPs and a 10% equity stake in the form...

Read More

Press Statement – COVID-19 Relief Measures: Refinements to Alternative Arrangements for Meetings

With reference to the Press Release by Ministry of Law on COVID-19 Relief Measures: Refinements to Alternative Arrangements for Meetings dated 29 September 2020 - https://www.mlaw.gov.sg/news/press-releases/refinements-to-alternative-arrangements-for-meetings. SIAS is indeed pleased to see that Ministry of Law is...

Read More

Press Statement: Questions on Raffles Education Corp’s (REC) proposed acquisition

To the Board and Directors of Raffles Education Corporation Limited Through Mr. Chew Hua Seng, Chairman and CEO via email Questions on Raffles Education Corp’s (REC) proposed acquisition of 35.9% shareholding interest in Langfang Hezhong Real Estate Development Co. Ltd. Dear Mr. Chew...

Read More

Press Statement: Questions to CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) on proposed merger

Please find the questions posed by SIAS to Mr. Tony Tan, CEO, CapitaLand Mall Trust and Mr. Kevin Chee, CEO, CapitaLand Commercial Trust regarding the proposed merger at the dialogue session organised by SIAS on 17 September 2020. On pages...

Read More

Press Statement: ESR and Sabana address questions from SIAS

There has been much reaction in the media about the proposed merger between ESR and Sabana REITs. Vocal shareholders have also reacted strongly to this merger. They have raised concerns like the sale of Sabana’s assets at below NAV as...

Read More

Press statement: Questions to Accordia Golf Trust (AGT) Management

To the Board and Directors of Accordia Golf Trust Management Pte. Ltd. Through Mr. Khoo Kee Cheok, Chairman and Independent Director Questions on Accordia Golf Trust Management Pte. Ltd.’s Annual Report Dear Mr. Khoo Kee Cheok, Q1. As noted in the letter to unitholders,...

Read More

Stick to basics of investing to ride out this period

First published in Straits Times on 6 September 2020 Diversify, understand the risks and know the product you are putting your money into "Don't put all your eggs in one basket" may be a bit of an investing cliche, but proper...

Read More

Commentary: Sembcorp Marine shareholders must now decide on rights takeup

First published in Business Times on 24 August 2020 They have to consider 3 options: do nothing; sell their rights; or subscribe to the issue THE experience of the Securities and Investor's Association (Singapore) - or Sias - is that when...

Read More