Press Statement – SIAS appoints Mr. Daniel Teo as Chairman
September 3, 2018SIAS is pleased to announce the appointment of Mr. Daniel Teo as its 5th Honorary Chairman with effect from 1 August 2018, to succeed the late Mr. Magnus Böcker, who suddenly passed away in July 2017. The appointment of the Honorary...
Read MorePress Statement: Update on SIAS data breach
July 26, 2018Yesterday 25 July 2018, SIAS was informed by officers from Cyber Security Agency (CSA) about a tip-off email that the database relating to our memberships, consisting of their name, NRIC no. and telephone no. of 2013 could have been breached...
Read MorePress Statement: SIAS withdraws awards to Midas
May 30, 2018In view of the current position Midas finds itself in, some have questioned SIAS as to why it was awarded the Most Transparent Company Award from the years 2012 to 2016.
Read MorePress Statement: Meeting between Ms Olivia Lum of Hyflux and SIAS
May 25, 2018President of SIAS, Mr David Gerald, this afternoon met with Chief Executive of Hyflux, Ms Olivia Lum to discuss the issues of the company and the impact to retail investors.
Read MorePress Statement: Hyflux – Stakeholders need to be engaged
May 23, 2018The news that Hyflux is seeking court protection to reorganize its business and address its debt comes as a worry to many retail investors, as many retail investors are invested not only as shareholders, but also through bonds, perpetual securities...
Read MorePress Statement: SIAS calls on directors to declare independence and Fincantieri to improve its offer
May 15, 2018SIAS welcomes SGX Regco’s decision to require Vard to convene another EGM and to correct the irregularities in Delisting Circular following the botched EGM for the delisting of Vard held on 30 April. This historic...
Read MorePress Statement: China Fibretech – Shareholders to get accountability with Special Audit
May 8, 2018For some time now, SIAS has been highlighting to the regulator the plight of the disgruntled shareholders in the suspended company, China Fibretech. Shareholders have lost value in their investment and have long been...
Read MorePress Statement: Vard’s Confusing EGM – SIAS calls on Fincantieri to extend offer
May 2, 2018Following the complaints about the confusing VARD EGM on Monday, shareholders of Vard have approached SIAS to express their unhappiness as to how Vard conducted the EGM with respect to the delisting proposal. SIAS has...
Read MorePress Statement: Vard – Offer by Fincantieri
April 26, 2018SIAS has received feedback from minority shareholders of Vard, their disappointment with respect to the offer by Fincantieri to delist and privatize Vard. The offer of $0.25 per share, shareholders feel, does not reflect...
Read MorePress Statement – SBI Offshore AGM: United We Stand, Divided We Fall
April 24, 2018The unhappiness of minority shareholders at SBI Offshore is well known in the market. It is largely due to the lack of results in the hunt for new business by the board since the...
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