Press Releases

Press Statement: Questions to Sembcorp Industries and Sembcorp Marine on EGM for – Sembcorp Industries and Sembcorp Marine proposal for $2.1b recapitalisation of Sembcorp Marine and demerger to focus companies on their growth segments

July 14, 2020

To: Sembcorp Industries Ltd Attn: Mr Wong Kim Yin, Group President & CEO Sembcorp Marine Ltd Attn: Mr Wong Weng Sun, President & CEO Questions to Sembcorp Industries and Sembcorp Marine on EGM for - Sembcorp Industries and Sembcorp Marine proposal for $2.1b recapitalisation of...

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Press statement: Aqua Munda meets SIAS to inform about an impending offer for P&Ps

June 9, 2020

Aqua Munda have reached out to SIAS on 8 June 2020 to inform us that they are prepared to make an offer to the P&Ps of Hyflux. They informed us that the purpose of the meeting was to understand the...

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Press Statement: Great concern for P&Ps over Hyflux Director’s probe

June 3, 2020

A number of P&Ps have contacted SIAS to express their serious concerns about the current state of affairs at Hyflux. SIAS notes also with utmost serious concerns of the press reports that the company and some of its directors are...

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Press Statement: Utico’s revised offer – a bombshell for P&Ps

May 28, 2020

We refer to Hyflux’s announcement on 27 May 2020 enclosing Utico FZC’s (“Utico”) letter dated 26 May 2020 (“26 May Letter”). SIAS understands Utico’s position to be that, because Utico’s deadline of 26 May 2020 (“Long-Stop Date”) has passed without, among...

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Press Statement: Dialogue session between SIAS and CEO, Mr Goh Choon Phong of SIA on SIA’s Rights Issue

May 13, 2020

Many SIA shareholders have contacted SIAS to question the rationale for the large cash call that SIA is making with the 3 for 2 shares rights issue and the mandatory convertible bonds (MCBs) rights issue. SIAS has reached out to...

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Responses from SIA to SIAS – Questions for SIA’s EGM

April 24, 2020

Reply from SIA to SIAS Questions for SIA’s EGM published on 22 April 2020 1. Why is SIA raising such a large amount? How did you determine this amount? The COVID-19 pandemic has led to a global collapse in the demand for...

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Questions for SIA’s EGM

April 22, 2020

Introduction: The Covid-19 pandemic has crippled airline operations worldwide. Now  Singapore Airlines (SIA) is seeking to raise S$5.3 billion in new equity and S$3.5 billion via 10-year mandatory convertible bonds (MCBs). Its largest shareholder Temasek Holdings, has thrown its support to...

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Press Statement: Guidance to REIT investors following Covid-19 pandemic measures

April 17, 2020

The effects of the Covid-19 pandemic is affecting all businesses including REITs. The current Circuit Breaker implemented on 7th April 2020 in order to pre-empt escalating COVID-19 infections, except for providers of essential services, all work and schooling is now...

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Press Statement: RegCo’s Initiatives

April 8, 2020

SGX RegCo has just issued an announcement just now, in which it says: "Accordingly, SGX RegCo will provisionally suspend the half-yearly reviews on the first market days of June 2020 and December 2020 to place issuers on the Financial Watch-List...

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Press Statement: Guidance to shareholders for AGMs during COVID-19 pandemic

March 25, 2020

The annual AGM season for companies will soon be upon us. As companies continue with their operations, they must also put in measures to ensure compliance with Ministry of Health’s (MOH) advisory notices like ensuring safe distancing. The latest MOH...

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