Press Releases

Press Statement on SGX Complaint Against Wu Xinhua, China Fibretech Ltd

SIAS applauds the action by SGX to file a complaint with China authorities against Wu Xinhua, Executive Chairman and CEO of China Fibretech Ltd, with respect to several alleged offences under the Chinese Penal...

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SIAS Calls For Action Against Wrongdoers In Foreign Listing

Untitled Document SIAS has observed that for some time now, Singapore investors have been suffering losses as a result of the unethical actions of some officers of foreign listings who have knowingly acted...

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Press Statement: Transfer of Mr Kenneth Yap, Chief Executive of ACRA

SIAS notes with some sadness that Mr Kenneth Yap is relinquishing his appointment as Chief Executive of ACRA to return to the legal service. In recent years, SIAS has had a close and collaborative...

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SIAS calls on Fincantieri to revise offer for VARD and engage minority shareholders

Untitled Document SIAS has received concerns from minority shareholders of VARD regarding the offer by Fincantieri for VARD. Fincantieri, the Italian state owned ship builder, the current majority shareholder of VARD, with 55.63% of the shares at the time...

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Press Statement: Sabana REIT

  SIAS notes the shareholder activism efforts by some unitholders of Sabana REIT to seek accountability from the REIT manager for alleged poor performance. Unlike in a normal listed company, where shareholders, with a majority, can vote out and vote a...

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SIAS appoints Mr Magnus Böcker as Honorary Chairman

  SIAS is pleased to announce the appointment of Mr Magnus Böcker as its 4th Honorary Chairman with effect from 1 February 2017. Our 3rd Honorary Chairman, Mrs Lim Hwee Hua is stepping down, after having served 3 years. We are...

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Press Statement: Guidance for China New Town Development Shareholders

Untitled Document China New Town Development is the next dual listed S-Chip, currently listed on both Singapore Exchange (SGX) and the Stock Exchange of Hong Kong (SEHK), to seek delisting from SGX. Since 2013, there has been...

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Press Statement: Findings of corporate governance of SMEs in Singapore & Singapore’s top SMEs in governance unveiled

The Governance Evaluation for Mid and Small Caps (GEMS) analyses the corporate governance practices of mid and small cap companies of not more than S$500 million listed on the Main Board or Catalist of the Singapore Exchange (SGX), representing...

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Press Statement: SIAS Provides Assistance to Bond Holders

The recent developments relating to a few corporate bonds, specifically in the companies that have defaulted in bond payments or have consent solicitations in process, have resulted in many bond holders to be stranded, not knowing whom to approach...

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Press Statement: SIAS Comments on Offer by Halycon Agri for GMG Global and the IFA Report

Background On 15 Jan 2016, Halcyon Agri Corporation Limited (“HAC”) announced that it was in discussions with Sinochem International Corporation (“Sinochem”) with the potential transaction involving the combination of HAC, Sinochem’s interest in GMG Global Ltd (“GMG”), and certain natural rubber...

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