Press Releases

Press Statement: Hwa Hong Shareholders To Make A Decision

SIAS notes that there are no potential competing Offers made to Hwa Hong by 25 July 2022, the deadline set by the Securities Industry Council. On 26 July 2022, Hwa Hong made an announcement to inform Shareholders that the...

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Press Statement: Incredible Holdings’ Clarifications on SIAS’ Commentary dated 18 July 2022

We refer to our Commentary in the Business Times dated 18 July 2022 titled “Regulators Can Do More About Governance Lapses At Incredible Holdings And Watches.com” (“Commentary”) and the responses by Incredible Holdings (“Incredible”) in their announcement on SGXNet dated...

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SIAS Fireside Chat with Frasers Property Limited

SIAS did a fireside chat with Ms Eu Chin Fen, CEO, Frasers Hospitality Trust  (FHT) to understand the rationale of the privatisation of FHT via a trust scheme of arrangement at a consideration of $0.70 per stapled security. On behalf...

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Press Statement: Hwa Hong Shareholders to Hold On

SIAS has received enquiries from Hwa Hong’s shareholders on the recent Independent Financial Adviser (IFA) recommendations on the Voluntary Conditional Cash Offer. IFA says the offer of $0.40 is fair and reasonable and shareholders may accept the offer on 28...

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Press Statement: SIAS Clarifies Meeting With Hwa Hong

SIAS had a good meeting with Hwa Hong yesterday. Hwa Hong’s Directors came to see SIAS proactively to seek SIAS’ independent guidance on the related issues and to brief SIAS on the next steps. SIAS was informed by Hwa Hong directors...

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Press Statement: Hwa Hong Board Should Expedite SGX RegCo Directives

SIAS has observed the recent developments at the board level at Hwa Hong Corporation Limited with some concerns, which left the Board being majority-controlled by certain close family members and substantial shareholders. This is compounded by the recent resignation of...

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Press Statement: Questions to Mapletree Commercial Trust (“MCT”)

To: Mapletree Commercial Trust Management Ltd., manager of Mapletree Commercial Trust Through: Ms. Sharon Lim, Executive Director and Chief Executive Officer Questions to Mapletree Commercial Trust (“MCT”) On December 31, 2021, MCT and Mapletree North Asia Commercial Trust (“MNACT”) announced a merger to create...

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Press Statement: Questions to Mapletree North Asia Commercial Trust (“MNACT”)

To: Mapletree North Asia Commercial Trust Management Ltd., manager of Mapletree North Asia Commercial Trust Through: Ms. Cindy Chow, Executive Director and Chief Executive Officer Questions to Mapletree North Asia Commercial Trust (“MNACT”) On December 31, 2021, Mapletree Commercial Trust (“MCT”) and MNACT...

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Press Statement: SPH Offer – Questions to Cuscaden Peak Pte. Ltd & Keppel Corporation Limited

To: Cuscaden Peak Pte. Ltd. Through: Mr. Christopher Lim Tien Hock, Group ED from Hotel Properties Ltd Questions to Cuscaden Peak Pte. Ltd On October 29, Cuscaden Peak Pte. Ltd. (Cuscaden), a consortium comprising Hotel Properties Limited, CLA Real Estate Holdings Pte Ltd...

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Press statement: Offers for SPH shares – A happy dilemma!

SPH shareholders, must surely be pleased with the current Offers for SPH shares. Keppel’s significantly improved and attractive final offer this week is a game changer, although the Cuscaden cash Offer will remain attractive to those who cannot wait for...

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