Press Releases

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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Press Statement: Shareholders’ Concerns on SPH Offers

SIAS has been approached by some SPH shareholders on the current Offers. Our views are firstly, that the Board will consider the Offers and decide on what is in the best interest of its stakeholders. The Board needs to evaluate...

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SIAS Incorporates Sustainability As Key Criteria In Singapore Corporate Governance Award For The First Time

New award criteria – SMART – is jointly developed by the NUS Centre for Governance and Sustainability The Sustainability Award, which used to be a standalone award, has been incorporated into the Singapore Corporate Governance Award This is part...

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Press Statement: Outcome of the SPH shareholders’ vote today

The overwhelming support for the two resolutions today paves the way for SPH shareholders to now consider the privatisation proposal of SPH by Keppel Corp. I am confident that the shareholders of SPH will do what is good for them. It...

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