Press Releases

Press Statement: Decision to compensate shareholders by Vision Three Pte Ltd

April 18, 2016

SIAS is pleased to note the decision by Vision Three Pte Ltd to compensate all shareholders who sold their shares on 5th April 2016, pursuant to our appeal to Securities Industries Commission (SIC) on 12th April 2016. The decision to...

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Appeal Letter to Chairman of Securities Industry Council on Takeover Offer for OSIM

April 12, 2016

Mr JY Pillay Chairman Securities Industry Council c/o The Secretary Securities Industry Council 25th Storey, MAS Building 10 Shenton Way Singapore 079117 Email: sic@mas.gov.sg Dear Sir TAKEOVER OFFER FOR OSIM SIAS is very concerned that the announcement by Credit Suisse (“CS”) on behalf of Vision Three (the “Offeror”) on 5th...

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Press Statement: Meeting with the Chairman and lead ID of Cordlife on CEO resignation

March 28, 2016

Today, together with Chairman, Audit Committee of SIAS, Mr. Ang Hao Yao, I’ve met with the Chairman of Cordlife, Dr. Ho Choon Hou and Vice Chairman & Lead Independent Director Mr. Ho Sheng, to discuss the concerns of shareholders of...

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Press Statement: SIAS Meeting with Noble’s Senior Management

March 1, 2016

SIAS has studied media and analysts’ coverage following Iceberg’s fourth report and met with Noble’s senior management today, and has determined that the allegations raised by the latest Iceberg blog report should be of no concern to shareholders. SIAS also...

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Press Statement: Iceberg Report on Noble

February 26, 2016

SIAS notes with concern the issues raised by the latest Iceberg Research report on Noble and will be seeking a discussion with senior management of Noble shortly.

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Press Statement on SingPost’s announcement of Drew & Napier as joint special auditor

February 5, 2016

SIAS welcomes the appointment of Drew & Napier as joint special auditor with PwC and that the full report will be sent to SGX. Together with ACRA’s communication to PwC that the requirements of the ACRA Code must be...

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Press Statement: Concerns over appointment of PwC by SingPost as special auditor

February 4, 2016

There have been serious concerns about the appointment of PwC as the special auditor by SingPost to review the circumstances surrounding the acquisitions of the three entities of the Famous Group by SingPost. There have been questions raised about...

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Press Statement – Questions posed to the Board of SingPost at the meeting with SIAS President and 2 Committee Members on 19 Jan 2016, 3pm, SIAS Conference Room

January 19, 2016

The following SingPost officials were present to meet President SIAS and 2 committee members: 1. Mr Lim Ho Kee, Chairman 2. Mr Goh Yeow Tin, Executive Director 3. Dr Wolfgang Baier, Group CEO 4. Mr Mervyn Lim, Deputy Group CEO (Corporate Services)...

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Press Statement – SIA’s Latest Move

January 11, 2016

SIAS notes that SIA has waived the acceptance condition thus declaring the offer for Tiger Airways for $0.45 per share unconditional and extended the offer period to 5 Feb 2016. In addition, as SIA has declared the offer as...

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Press Statement – SIA’s Revised Offer for Tiger Airways Shares: Guidance to Minority Shareholders

January 5, 2016

SIAS is pleased to note that SIA has responded favourably to our appeal on behalf of Tiger Airways minority shareholders by raising its offer from $0.41 to $0.45 and also by extending the offer period to 22 Jan 2016. Nevertheless,...

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