Press Releases

Press Statement on Cash Offer for Suntec REIT

The Securities Investors Association (Singapore) (SIAS) would like to draw the attention of Suntec REIT unitholders to the mandatory conditional cash offer by Aelios Pte. Ltd. for all outstanding units in Suntec REIT. On 5 December 2024, Aelios Pte. Ltd. triggered...

Read More

Press Statement on Frasers Hospitality Trust’s (FHT) Stapled Securityholders Concerns over Tax Withholding Status of Australian Trusts

Some FHT Stapled Securityholders reached out to SIAS recently to seek help as they are concerned on the tax withholding status of the Australian trusts due to the share swap exercise between InterBev Investment Limited (“IBIL”) (a subsidiary of Thai...

Read More

Press Statement on Privatisation Offer for Nera Telecom

The Securities Investors Association (Singapore) would like to draw the attention of Nera Telecom shareholders who have received the mandatory unconditional cash offer (MUCO) of S$0.075 per share from Ennoconn Corp to the recommendation of the Independent Financial Adviser (IF)...

Read More

SIAS Applauds 50 Corporates and 12 Individuals at Investors’ Choice Awards 2024

Investors Choice Awards (“ICA”) Ceremony will be graced by Guest-of-Honour, Mr Tharman Shanmugaratnam, President of the Republic of Singapore and Emeritus Senior Minister Goh Chok Tong as Special Guest Corporate nominations assessed based on comprehensive framework and LSEG scores,...

Read More

SIAS to Host Corporate Governance Week 2024: The Impact of Artificial Intelligence on Corporate Governance and Sustainability on Key Stakeholders

GLOBAL THOUGHT LEADERS TO NAVIGATE THE AI COMPASS TO DRIVE SUSTAINABLE CORPORATE GOVERNANCE Insights into paving long-term sustainability in today’s rapidly evolving AI landscape, as well as addressing multifaceted Environmental, Social & Governance (“ESG”) climate and supply chain governance factors...

Read More

Press Release on the Appointment of Mdm Halimah Yacob as Chief Patron and Mr Sherman Kwek as Patron

SIAS is pleased to announce that Mdm Halimah Yacob, Chancellor of the Singapore University of Social Sciences (SUSS), and former President of the Republic of Singapore, has kindly accepted our invitation to become Chief Patron of SIAS. SIAS is also pleased...

Read More

Press Statement in Response to the Appointment of Stock Market Review Group

SIAS is encouraged to see that the government is now seriously attending to the issues, which have been plaguing the local stock market for several years now. Among these would be low liquidity, absence of quality listings and under performance...

Read More

Press Statement on Dilemma of Minority Shareholders in the Voluntary Unconditional General Offer

In the recent cases of Voluntary Unconditional General Offer, SIAS observed that the offers created dilemma to Minority Shareholders where they are not given a choice to make a decision due to terms of the offer. For example, if the...

Read More

Questions on the OCBC’s Offer for Great Eastern Holdings Limited (“GE”) on behalf of the Minority Shareholders of GE

To: Mr Andrew Lee, Chairman and Members of the Board Oversea-Chinese Banking Corporation Limited as the offeror for Great Eastern Holdings Limited Dear Chairman, On 14 June 2024, OCBC maintained its offer price of S$25.60 per share for 54,732,310 shares, constituting an 11.56% stake in...

Read More

Press statement on OCBC offer for Great Eastern Holdings

SIAS commends OCBC for its proactive response to feedback from minority shareholders of Great Eastern (GE) who raised concerns with the performance of GE and potential misalignment between GE shareholders and management. We note that OCBC has made a voluntary unconditional...

Read More