Press Releases

SIAS Questions for Fu Yu Corporation Limited

To: The Chairman and Members of the Board, Fu Yu Corporation Limited SIAS notes the recent developments at Fu Yu, involving controlling shareholder Mr Victor Lim (Mr Lim), who has requisitioned an extraordinary general meeting (EGM) to remove 2 directors. The Board has...

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SIAS Calls SingPost for An Independent Professional Inquiry on Circumstances Leading to the Dismissal of Three Key Executives

The sudden dismissal of three senior executives from SingPost, coupled with their vigorous denial of the allegations against them, has raised critical questions in the minds of shareholders, investors and the market. The fact that they were told to leave with...

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Questions on Whistleblowing Reports and Termination of 3 Key Management of Singapore Post Limited (SingPost)

SIAS notes with concern SingPost's announcement on 22 December 2024 regarding whistleblowing reports, disciplinary proceedings and termination of 3 key management. However, the disclosure surrounding their termination are insufficiently clear to the shareholders at this point. On behalf of SingPost shareholders,...

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Press Statement on Unconditional Mandatory General Offer for Avarga Limited

The Securities Investors Association (Singapore) (SIAS) refers to the unconditional mandatory general offer for Avarga Limited by TKO Pte. Ltd (offeror) and would like to advise shareholders to reject the offer in line with the independent financial adviser’s (IFA) view...

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Press Statement on Cash Offer for Suntec REIT

The Securities Investors Association (Singapore) (SIAS) would like to draw the attention of Suntec REIT unitholders to the mandatory conditional cash offer by Aelios Pte. Ltd. for all outstanding units in Suntec REIT. On 5 December 2024, Aelios Pte. Ltd. triggered...

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Press Statement on Frasers Hospitality Trust’s (FHT) Stapled Securityholders Concerns over Tax Withholding Status of Australian Trusts

Some FHT Stapled Securityholders reached out to SIAS recently to seek help as they are concerned on the tax withholding status of the Australian trusts due to the share swap exercise between InterBev Investment Limited (“IBIL”) (a subsidiary of Thai...

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Press Statement on Privatisation Offer for Nera Telecom

The Securities Investors Association (Singapore) would like to draw the attention of Nera Telecom shareholders who have received the mandatory unconditional cash offer (MUCO) of S$0.075 per share from Ennoconn Corp to the recommendation of the Independent Financial Adviser (IF)...

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SIAS Applauds 50 Corporates and 12 Individuals at Investors’ Choice Awards 2024

Investors Choice Awards (“ICA”) Ceremony will be graced by Guest-of-Honour, Mr Tharman Shanmugaratnam, President of the Republic of Singapore and Emeritus Senior Minister Goh Chok Tong as Special Guest Corporate nominations assessed based on comprehensive framework and LSEG scores,...

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SIAS to Host Corporate Governance Week 2024: The Impact of Artificial Intelligence on Corporate Governance and Sustainability on Key Stakeholders

GLOBAL THOUGHT LEADERS TO NAVIGATE THE AI COMPASS TO DRIVE SUSTAINABLE CORPORATE GOVERNANCE Insights into paving long-term sustainability in today’s rapidly evolving AI landscape, as well as addressing multifaceted Environmental, Social & Governance (“ESG”) climate and supply chain governance factors...

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Press Release on the Appointment of Mdm Halimah Yacob as Chief Patron and Mr Sherman Kwek as Patron

SIAS is pleased to announce that Mdm Halimah Yacob, Chancellor of the Singapore University of Social Sciences (SUSS), and former President of the Republic of Singapore, has kindly accepted our invitation to become Chief Patron of SIAS. SIAS is also pleased...

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