Press Releases

SIAS Meeting With Officials of CAOHC, CAO, Special Task Force and Financial and Legal Advisors

This morning (Tuesday) my Vice-President, Mr. Christopher Cheong and I met with Mr. Jia Changbin, President, CAOHC, Mdm Gu Yanfei, Leader of the special restructing task force & non-executive director and Mr. Andrew Grimmett, Director, Deloitte, Mr. Chaly Mah Chee...

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Briefing by CAO Taskforce

Today, the CAO Taskforce, led by Mdm Gu, together with its legal and financial advisors met with me again to brief SIAS on the progress made to-date on the restructuring plan. The Task Force believes strongly that a successful restructuring...

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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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