Press Releases

Global Investments Limited – Proposed Change In The Manager Of The Company

Independent directors of Global Investments Limited (formerly known as ‘Babcock & Brown Structured Finance Fund’), Mr Sanjiv Misra and Mr Dilhan Pillay Sandrasegara spoke with the SIAS Corporate Governance Committee (Mr Vincent Chen, Mr Ang Hao Yao, Mr Kenneth Pang,...

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Sino-Environment Technology Group Limited – Dismissal of Financial Controller by Executive Director

SIAS is deeply disturbed by the current state of affairs at Sino-Environment Technology Group Limited (“Company”). We have carefully considered the statement made today by the Independent Directors of the Company – ‘Clarification Regarding Cessation Of Service Of The Company’s...

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SIAS Statement on C K Tang Exit Price Issue

Some 15 C K Tang minority shareholders met with President of SIAS this morning for a dialogue session as they have obtained fresh advice on the reasonableness of the exit price.

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SIAS Advisory: Q&As for Investors of Structured Products linked to Lehman Brothers

SIAS has reviewed MAS’ investigation report into the sale and marketing of structured products linked to Lehman Brothers. SIAS recognizes that retail investors who had purchased Lehman Minibond notes, DBS High Notes 5, Merrill Lynch Jubilee Series 3...

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DEADLINE FOR FILING CUSTOMER CLAIMS AND OTHER CLAIMS AGAINST LEHMAN BROTHERS INC.

SIAS is advised that Lehman Brothers Inc is in liquidation in the US and all creditors must lodge their claims with the US trustee, James W. Giddens, appointed under the Securities Investor Protection Act of 1970, as amended (“SIPA”) on...

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Removal of Independent Director at Kian Hoe Bearings Ltd

SIAS notes with concern the move to remove the Independent Director, Mr Tan Lye Huat at Kian Ho Bearings Ltd by a substantial Minority Shareholder. Minority Shareholders’ interest are protected by Directors, especially Independent Directors. This is enshrined in the...

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CHARTERED SEMICONDUCTOR’S PROPOSED RIGHTS ISSUES

The President and Member of the SIAS Corporate Governance Committee had a detailed discussion with Chia Song Hwee, CEO and Tiffany Sparks, Senior Director, Corporate Marketing of Chartered Semiconductor Manufacturing Ltd at the request of the company regarding its recently...

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SIAS Forum on Consultation Paper on Review of the Regulatory Regime

SIAS is pleased to note that MAS is consulting the public on proposals to further safeguard consumers’ interests and promote higher industry standards for the sale and marketing of unlisted investment products.

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SIAS MINIBOND DIALOGUE SESSION

Please be informed that about 200 structured product investors who have received partial or no compensation from financial institutions, will be attending a dialogue session with a panel from SIAS.

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Launch of “My Money” Financial Literacy Seminar For Singapore Citizens

Singapore, 20 February 2009… The recent events in global financial markets as well as in Singapore have underscored need for more comprehensive financial education and prompted SIAS, together with The Associations Banks of Singapore and MoneySENSE, a national financial education...

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