Press Releases

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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Press Statement: SIAS supports SPACs with independent reports and guidance

The introduction of SPACs in Singapore will provide retail investors with new investment opportunities. SPACs make venture capital and private equity investments more democratic because shares in a SPAC, that is listed on a stock exchange can be acquired by...

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Press Statement: Offer by Keppel/SPH Deal

The privatisation offer by Keppel for SPH, values SPH shares at $2.099 per share. While offer price is above current trading price of SPH, it does represent a slight discount to NAV of $2.26 per share. However this is conditional...

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Press Statement: Utico’s intended offer

UTICO FZC Attention: Mr. Richard Menezes Dear Richard, SIAS refer to: the hearing of HC/CWU 89/2021 and HC/CWU 90/2021 held before the Honourable Justice Aedit Abdullah (“Judge”) on 12 July 2021; and your draft affidavit which was circulated to the...

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Press Statement: Questions to Sembcorp Marine on its latest proposed Rights Issue

To Sembcorp Marine Ltd Attn: Mr Wong Weng Sun, President & CEO There is great concern amongst Sembcorp Marine’s (SCM’s) minority shareholders. With the previous major S$2.1 billion rights issuance in 2020 barely reached its first-year mark, SCM is reaching out to...

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Press Statement – ecoWise shareholders should allow time for company to address SGXRegCo’s directives

SIAS is seriously concerned with the developments at ecoWise and is aware of shareholders’ concerns regarding the issues and the disagreements between Mr Lee Thiam Seng (“Mr Lee”), who is the Chief Executive Officer, and Mr Cao Shixuan (“Mr Cao”),...

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