Joint Press Statement – SIAS and SID announce Guide on Best Practices for Shareholder Meetings
March 26, 2019The annual general meeting (AGM) of a company is a time for the company’s board members, management and shareholders to interact. It is usually...
Read MoreLetter to PUB – Hyflux Restructuring
March 26, 2019Chief Executive PUB 40 Scotts Road #22-01 Environment Building Singapore 228231 Attention: Mr Ng Joo Hee Dear Sirs, HYFLUX RESTRUCTURING SIAS represent the interest of the investors, particularly the retail investors of Hyflux, who are now in a predicament, the possibility of the company facing liquidation. The only hope...
Read MoreLetter to Hyflux Board – Status of Hyflux restructuring
March 25, 2019Board of Directors Hyflux Ltd Hyflux Innovation Centre 80 Bendemeer Road Singapore 339949 Attn: Ms Olivia Lum Dear Board Members, RE: Status of Hyflux restructuring Hyflux investors are seriously concerned arising from the current uncertainty caused by PUB’s notice of default, recent SMI’s notice to Hyflux and...
Read MoreLetter from Hyflux Board to SIAS – HYFLUX RESTRUCTURING
March 8, 2019Reply from Hyflux to SIAS Alternative Proposal on 27 February 2019 Mr David Gerald President and CEO Securities Investors Association (Singapore) 7 Maxwell Road #05-03 MND Building Annexe B Singapore 069111 Dear Mr Gerald, RE: HYFLUX RESTRUCTURING We refer to your letter dated 27 February 2019 in respect...
Read MoreLetter to Hyflux Board – SIAS Alternative Proposal
February 28, 2019The Hyflux board was handed the attached letter by me at a meeting with the Board yesterday afternoon. The Board informed me that in response to our letter, it will be taking action, through its advisors, to talk to the...
Read MorePress Statement – SIAS meeting with CAD and MAS on Midas
February 20, 2019SIAS officials met with officers from the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) on 13 February 2019 to relay the concerns of Midas’ shareholders, who are anxious about the outcome of the police reports lodged with...
Read MoreQuestions to Hyflux Board
February 11, 20198 February 2019 Board of Directors Hyflux Ltd Hyflux Innovation Centre 80 Bendemeer Road Singapore 339949 Through Ms Olivia Lum, Executive Chairman & Group Chief Executive Officer Questions to Hyflux Board Dear Olivia and Board members, SIAS, representing the interests of the numerous stakeholders of various securities, is seriously concerned that...
Read MorePress Statement – Hyflux investors expect more to be done for them
January 17, 2019There is much expectation from the Hyflux investors, some 50,000 of them, that they will be advised at tomorrow’s townhall meeting as to how they can recover their investments in Hyflux. There have been discussions between the company and the...
Read MorePress Statement – Appointment of John Lim, co-founder of ARA Asset Management, ARA Group as Patron of SIAS
January 4, 2019SIAS is pleased to announce that Mr John Lim, co-founder of ARA Asset Management, ARA Group as Patron of SIAS with effect from 1st January 2019. Our constitution provides for the appointment of a Patron : “The Management Committee may also...
Read MorePress Statement: LTC Corp Delisting Saga
November 16, 2018Investors are naturally confused as the new proposal by SGX is preliminary and only open for consultation. It is not in force yet. The fact is, the rights of shareholders, presently in this instance, fall under the current rules. The offeror...
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