Press Releases

SIAS Meeting With Members of CAO Special Task Force

This morning my Vice-President and I met with Mdm Gu Yanfei, Director, Investment Department, China Aviation Oil Holding Company (CAOHC), Mr Bian Hui, President/Secretary, CAOHC, Mr Wayne Liu, Investment Manager, CAO (S’pore) Corp Ltd, together with Mr Patrick Ang, Legal...

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China Aviation Oil’s US$550Million Derivatives Disaster

Singapore has not seen a corporate governance disaster of this magnitude. It is a corporate earthquake registering high (7 or 8) on the Richter scale. Could this be another Barings?

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Complaint Against Informatics By Shareholders

Singapore, 6 May 2004 – The Securities Investors Association (Singapore), (SIAS) has received complaints from some of the shareholders of Informatics Holdings Ltd. They complained losing 70% of their share value arising from the overstatement of the company’s profit margin...

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Natsteel

SIAS officials met with Mr Alan Shaw and his team, yesterday, on SGX’s reply to SIAS dated 16th October 03, on the concerns raised by SIAS on behalf of minority shareholders of Natsteel vide our letter dated 23rd September 03....

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Announcing The Singapore Corporate Governance Award – Sias Investors Choice Award

The Securities Investors Association of Singapore, in conjunction with the Corporate Governance and Financial Reporting Centre, Institute of Certified Public Accountants of Singapore, the University of Nottingham, PricewaterhouseCoopers, Singapore Institute of Directors and Standard & Poor’s and The Business Times,...

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Custody Fees

In view of the numerous complaints received by SIAS since last week over the proposed custody charges by broking houses, SIAS now seeks a meeting with the Singapore Securities Association to discuss a resolution.

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Minority Shareholders Condemn Wah Shing Proposed Privatisation

Many minority shareholders of Wah Shing International Holdings Limited have contacted SIAS to express their strong condemnation and serious concerns over the Scheme of Arrangement proposed by the major shareholder, South China Industries (BVI) Limited to privatise the company at...

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Response to Natsteel’s reply

Having perused the response from Natsteel Board to SIAS’ call to separate the Special Dividend Resolution from the M&A Resolution, to say the least, we are disappointed. The Board has not answered the vital question; what is the necessity for...

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Stock Options

SIAS takes the view that when stock options are awarded to executives, they must be carefully designed as part of remuneration and must be justified by the value that they produce for shareholders. SIAS is particularly concerned about excesses pertaining...

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Minutes Of General Meetings

We have today met with a representative of Council on Corporate Disclosure and Governance (“CCDG”) and made representations to urge the council to seriously consider making SIAS’ call to public listed companies to maintain minutes of General Meetings to reflect...

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