Press Releases

Press Statement – COVID-19 Relief Measures: Refinements to Alternative Arrangements for Meetings

September 29, 2020

With reference to the Press Release by Ministry of Law on COVID-19 Relief Measures: Refinements to Alternative Arrangements for Meetings dated 29 September 2020 - https://www.mlaw.gov.sg/news/press-releases/refinements-to-alternative-arrangements-for-meetings. SIAS is indeed pleased to see that Ministry of Law is...

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Press Statement: Questions on Raffles Education Corp’s (REC) proposed acquisition

September 25, 2020

To the Board and Directors of Raffles Education Corporation Limited Through Mr. Chew Hua Seng, Chairman and CEO via email Questions on Raffles Education Corp’s (REC) proposed acquisition of 35.9% shareholding interest in Langfang Hezhong Real Estate Development Co. Ltd. Dear Mr. Chew...

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Press Statement: Questions to CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) on proposed merger

September 24, 2020

Please find the questions posed by SIAS to Mr. Tony Tan, CEO, CapitaLand Mall Trust and Mr. Kevin Chee, CEO, CapitaLand Commercial Trust regarding the proposed merger at the dialogue session organised by SIAS on 17 September 2020. On pages...

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Press Statement: ESR and Sabana address questions from SIAS

September 10, 2020

There has been much reaction in the media about the proposed merger between ESR and Sabana REITs. Vocal shareholders have also reacted strongly to this merger. They have raised concerns like the sale of Sabana’s assets at below NAV as...

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Press statement: Questions to Accordia Golf Trust (AGT) Management

September 9, 2020

To the Board and Directors of Accordia Golf Trust Management Pte. Ltd. Through Mr. Khoo Kee Cheok, Chairman and Independent Director Questions on Accordia Golf Trust Management Pte. Ltd.’s Annual Report Dear Mr. Khoo Kee Cheok, Q1. As noted in the letter to unitholders,...

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Press statement: Questions from SIAS and shareholders of Sembcorp Industries (SCI) and Sembcorp Marine (SCM) answered by the respective Boards

August 4, 2020

Attached please find the response from Sembcorp Industries (SCI) and Sembcorp Marine (SCM) to SIAS’ questions regarding the proposed renounceable underwritten SCM rights issue and proposed distribution in specie of shares of SCM. We also attach the questions raised by...

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Press Statement: SIAS does not endorse any deal; calls on Utico to put proposal acceptable to all creditors

July 30, 2020

We refer to the Business Times article “Utico seeks Sias endorsement as Hyflux judicial management looms” dated 29 July 2020. SIAS wishes to clarify that SIAS’ role is to facilitate communication between the relevant stakeholders and the P&P Holders, and to...

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Press Statement: Carve out application

July 27, 2020

SIAS notes the decision of the Court today to allow the UWG’s application for a carve out of the moratorium. This essentially allows the UWG to proceed to make the JM application. This does not necessarily mean JM is inevitable as...

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SIAS clarifies comments made by Mr Johnny Widjaja

July 21, 2020

I refer to the article “Potential Hyflux investor Johnny Widjaja says funds earmarked for deal; will address PnP holders” SIAS would like to clarify that although it was reported in the article that “Mr Widjaja engaged with SIAS over the subordinated...

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Press statement: SIAS raises concerns over potential Hyflux offers

July 19, 2020

Over the past two weeks, Hyflux has made announcements on receipt of letters of interest and/or offers made by new potential investors, namely, Pison Investments Pte Ltd (”Pison”) and Unilegend Investments Pte Ltd. Previously, Aqua Munda Pte Ltd (“Aqua Munda”) had...

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