Press Release

Press statement: Aqua Munda meets SIAS to inform about an impending offer for P&Ps

Aqua Munda have reached out to SIAS on 8 June 2020 to inform us that they are prepared to make an offer to the P&Ps of Hyflux. They informed us that the purpose of the meeting was to understand the...

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Press Statement: Great concern for P&Ps over Hyflux Director’s probe

A number of P&Ps have contacted SIAS to express their serious concerns about the current state of affairs at Hyflux. SIAS notes also with utmost serious concerns of the press reports that the company and some of its directors are...

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Press Statement: Utico’s revised offer – a bombshell for P&Ps

We refer to Hyflux’s announcement on 27 May 2020 enclosing Utico FZC’s (“Utico”) letter dated 26 May 2020 (“26 May Letter”). SIAS understands Utico’s position to be that, because Utico’s deadline of 26 May 2020 (“Long-Stop Date”) has passed without, among...

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Don’t let market clobber you again

First published in Straits Times on 24 May 2020 Investors should learn lessons from Clob saga 20 years ago It has been 20 years since I formed the Securities Investors Association Singapore (Sias) to help small investors who had invested in...

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Commentary: Shedding light on Singapore Airlines’ rights issue

First published in Straits Times on 21 May 2020 Many Singapore Airlines shareholders have approached the Securities Investors Association (Singapore), or Sias, seeking to clarify if they should subscribe to the upcoming rights issue. While Sias is not in a position to...

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Press Statement: Dialogue session between SIAS and CEO, Mr Goh Choon Phong of SIA on SIA’s Rights Issue

Many SIA shareholders have contacted SIAS to question the rationale for the large cash call that SIA is making with the 3 for 2 shares rights issue and the mandatory convertible bonds (MCBs) rights issue. SIAS has reached out to...

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Responses from SIA to SIAS – Questions for SIA’s EGM

Reply from SIA to SIAS Questions for SIA’s EGM published on 22 April 2020 1. Why is SIA raising such a large amount? How did you determine this amount? The COVID-19 pandemic has led to a global collapse in the demand for...

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Questions for SIA’s EGM

Introduction: The Covid-19 pandemic has crippled airline operations worldwide. Now  Singapore Airlines (SIA) is seeking to raise S$5.3 billion in new equity and S$3.5 billion via 10-year mandatory convertible bonds (MCBs). Its largest shareholder Temasek Holdings, has thrown its support to...

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Commentary: Understand firms’ cash needs when it comes to issue of dividends

First published in Straits Times on 21 April 2020 During this difficult time, it may be necessary to sacrifice short-term needs to ensure long-term corporate survival Market regulators have recently stepped up to the plate with timely measures to ease financial pressure...

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Press Statement: Guidance to REIT investors following Covid-19 pandemic measures

The effects of the Covid-19 pandemic is affecting all businesses including REITs. The current Circuit Breaker implemented on 7th April 2020 in order to pre-empt escalating COVID-19 infections, except for providers of essential services, all work and schooling is now...

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