Press Releases

Press Statement – Proposed treatment of shareholders on Primary Restructuring by Noble Group Limited

SIAS refers to the statement by SGX RegCo reviews Noble Group Limited’s Restructuring Support Agreement. We are pleased to note that SGX RegCo is of the view “that shareholders should have the freedom of...

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Press Statement – Disposal of assets by China Hongxing – Shareholders’ dilemma?

SIAS today met with a group of China Hongxing minority shareholders regarding their concerns over the bid by majority shareholders, the Wu family, to acquire the assets of the company. The session with...

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Press Statement: Noble, to do the right thing!

SIAS welcomes the recent Notice of Compliance by SGX requiring Noble Group to appoint an independent financial advisor (IFA). The report will certainly help provide guidance to shareholders and noteholders of Noble Group....

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Press Statement: Ezra’s restructuring – Ensuring a fair deal for creditors and shareholders through IFA guidance

SIAS refers to the recent announcement by Ezra on 1 March 2018 regarding the restructuring update of the company and a potential new investor. Given the continued downturn in the oil and gas sector,...

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Press Statement: Changes to CPF Investment Scheme help knowledgeable investors

SIAS applauds the move by CPF to improve the current CPF Investment Scheme (CFP IS) with the focus of helping knowledgeable investors that are confident of investing their CPF monies themselves, to achieve a...

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Press Statement: SIAS Facilitates Dialogue with Pacific Radiance Noteholders

SIAS is aware of reports in media reports regarding the upcoming Consent Solicitation Exercise (CSE) by Pacific Radiance pertaining to the S$100 million 4.3% notes due 2018 and the concerns raised. SIAS is of...

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Press Statement: Noble clarifies queries on management benefits and provides updates

The Securities Investors Association of Singapore (SIAS) would like to announce that its President, Mr David Gerald, and Senior Members of the SIAS Committee, Mr Loh Uantchern (VP, SIAS) and Mr Robson Lee (Asst. Hon. Secretary, SIAS) met with Noble...

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Press Statement: Noble’s restructuring proposal, a worry for shareholders and creditors

The response to Noble’s restructuring proposal has been one of disappointment by shareholders and noteholders. Understandably, the gripe is due to the steep cut in the shareholding and the unusual treatment accorded to the Management. We note that Noble has reached...

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Press Statement: SIAS queries Noble

SIAS today posed 3 questions to Noble in a telephone conference between Executive Chairman, Mr Paul Brough and the CFO, Mr Paul Jackaman and the President & Chief Executive, Mr David Gerald, which are the immediate concerns of bondholders and...

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Press Statement: Quarterly Reporting

The consultation paper announced by SGX to review the quarterly reporting framework is timely, as there is a need to recalibrate the current framework to strike a balance between investors’ need for periodic disclosures and the cost to companies. While the...

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