Press Releases

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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Press Statement: Corporate Governance Issues at SingPost

December 24, 2015

Minority shareholders of SingPost have raised concerns about the recent corporate governance issues at SingPost and announcement of the “administrative oversight” in the acquisition of F.S. Mackenzie Limited. SIAS is requesting a meeting with the Chairman and independent directors to...

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Appeal On Behalf Of Long Term Tiger Airways Minority Shareholders

December 17, 2015

To: The SIA Board ...

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Press Statement – Fortune REIT EGM

December 16, 2015

SIAS has received concerns from minority shareholders of Fortune REIT regarding the proposed change in listing status from primary to secondary on SGX, with Fortune REIT maintaining primary listing on Hong Kong Exchange. SIAS has had a discussion with the senior...

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Press Statement: Proposed Acquisition of NOL by CMA CGM

December 7, 2015

“Whilst it is sad to see another Singapore flagship company likely to be sold, I note the positive aspects in this Offer, which shareholders will, no doubt take into consideration in determining the Offer. These are that the proposed...

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Press Statement – SIA’s Offer to Tiger Airways

November 24, 2015

SIAS has raised the concerns of minority shareholders of Tiger Airways to SIA regarding its offer to Tiger Airways. SIAS notes that in 2013, SIA bought out Temasek’s 7% stake in Tiger Airways at $0.678 (Temasek owns 57% of SIA)....

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Press Statement: SIAS rejuvenates Management Committee

October 28, 2015

SIAS is pleased to announce the election of the SIAS 8th Management Committee. At the latest Annual General Meeting held on 26 October, SIAS members elected the new Management Committee (MC) including 4 new MC members – Mr Harold Woo,...

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