Press Statement: SIAS Facilitates Dialogue with Pacific Radiance Noteholders
February 18, 2018SIAS 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...
Read MorePress Statement: Noble clarifies queries on management benefits and provides updates
February 3, 2018The 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...
Read MorePress Statement: Noble’s restructuring proposal, a worry for shareholders and creditors
January 30, 2018The 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...
Read MorePress Statement: SIAS queries Noble
January 25, 2018SIAS 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...
Read MorePress Statement: Quarterly Reporting
January 10, 2018The 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...
Read MorePress Statement on SGX proposals on enhancing continues disclosures
December 7, 2017SIAS welcomes the move by SGX to improve the continuous disclosure requirements. Shareholders, for some time now, have been calling for more visibility and accountability for the rationale for fund raising and how the funds to be used. They have...
Read MorePress Statement: Miclyn – Another O&M company to seek bondholders approval to restructure debt
November 14, 2017SIAS is pleased to announce that Miclyn Express Offshore Pte Ltd (“Miclyn”) and its advisor, nTan Corporate Advisory Pte Ltd, have sought SIAS’ assistance in reaching out to and coordinating with the bondholders of...
Read MoreChina Fibretech reconstitutes Board with Singapore professionals
October 24, 2017For some time, shareholders of the SGX listed S-Chip, China Fibretech, have been suffering following the claims in November 2015 (and subsequent payment) against China Fibretech’s wholly-owned subsidiary, Shishi Simwa Knitting & Dye Co, Ltd,...
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