Press Releases

Press Release: SIAS calls upon shareholders of Sin Heng Heavy Machinery Limited to REJECT the voluntary unconditional cash offer of S$0.58 from TAL Ltd

The Securities Investors Association (Singapore) or SIAS urges all shareholders of Sin Heng Heavy Machinery Limited to REJECT the voluntary unconditional cash offer of S$0.58 per share that was made by TAL Ltd last month. SIAS notes that the Independent Financial...

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Press Release: MAS Enforcement Report

SIAS is pleased to note that MAS continues to take a steady stream of enforcement actions against various types of financial sector misconduct. It has also made legislative changes to strengthen its ability to gather evidence, share them with partner...

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Press Release: SIAS and Beansprout Reveal Key Insights from Singapore Retail Investor Pulse Survey

4 in 5 Singaporean investors remain confident about investing in Singapore stocks Key insights unveiled from the survey commissioned through a collaboration between The Securities Investors Association Singapore (SIAS) and Beansprout include: Greater...

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SIAS Questions to CDL

To: Chairman and members of the board Cc GCEO and GCOO City Developments Limited (CDL) Background: On 26 February 2025, CDL called for a trading halt following the announcement of its FY2024 results. Subsequently, the company disclosed a board conflict concerning the composition and...

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SIAS Welcomes the Initiatives of the New Equity Market Development Programme by MAS

SIAS is pleased to support the initiatives rolled out by MAS. The move to set aside $5b to boost the market is an excellent one that will enhance liquidity and investor confidence. Incentivising funds to look beyond index components will add breadth...

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Singapore Savings Bonds, T-Bills, stocks, ETFs and unit trusts remain favourites among retail investors, CPF Investment Scheme survey findings shows

Majority of retail investors are keen to invest with their CPF funds More wanted financial education to make informed investment decisions Singapore, 14 February 2025 – The Securities Association of Singapore (SAS) and the Securities Investors Association (Singapore) (SIAS) are pleased...

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SIAS Questions for Fu Yu Corporation Limited

To: The Chairman and Members of the Board, Fu Yu Corporation Limited SIAS notes the recent developments at Fu Yu, involving controlling shareholder Mr Victor Lim (Mr Lim), who has requisitioned an extraordinary general meeting (EGM) to remove 2 directors. The Board has...

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SIAS Calls SingPost for An Independent Professional Inquiry on Circumstances Leading to the Dismissal of Three Key Executives

The sudden dismissal of three senior executives from SingPost, coupled with their vigorous denial of the allegations against them, has raised critical questions in the minds of shareholders, investors and the market. The fact that they were told to leave with...

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Questions on Whistleblowing Reports and Termination of 3 Key Management of Singapore Post Limited (SingPost)

SIAS notes with concern SingPost's announcement on 22 December 2024 regarding whistleblowing reports, disciplinary proceedings and termination of 3 key management. However, the disclosure surrounding their termination are insufficiently clear to the shareholders at this point. On behalf of SingPost shareholders,...

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Press Statement on Unconditional Mandatory General Offer for Avarga Limited

The Securities Investors Association (Singapore) (SIAS) refers to the unconditional mandatory general offer for Avarga Limited by TKO Pte. Ltd (offeror) and would like to advise shareholders to reject the offer in line with the independent financial adviser’s (IFA) view...

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