Press Releases

Press Statement: Comments on SGX RegCo column on shareholder-requisitioned meetings

April 27, 2023

We refer to the regulatory column by SGX RegCo issued today. “It is correct to say that the mechanisms relating to Requisitioned Meetings are typically contained in the relevant law governing the issuer’s Constitution or incorporation. The relevant provisions in Singapore...

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Appeal Letter to Lian Beng for Fair and Reasonable Offer Price

April 25, 2023

To Chairman & Managing Director Board of Directors Lian Beng Group Ltd   Dear Chairman, Mr Ong Pang Aik I am writing to you on behalf of minority shareholders of your company to appeal for a better offer price than the S$0.62 that is currently being...

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Press Statement – Boustead Offer: SIAS Calls On Shareholders To Reject the Offer

March 13, 2023

SIAS calls on the shareholders of Boustead Projects Limited to reject and not accept the voluntary unconditional cash offer by Boustead Singapore Limited. As the IFA opinion is that the offer is ‘not fair but reasonable’, shareholders should demand that...

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Press Statement: SIAS Meeting With Golden Energy And Resources Officials

March 9, 2023

SIAS is pleased to update that Mr Mark Zhou, Executive Director of Golden Energy and Resources Limited (GEAR), and senior management of the Company have reached out to SIAS to update and clarify matters relating to GEAR’s recently announced proposed...

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Appeal to Golden Energy and Resources Limited for Review of Offer

March 1, 2023

To: Chairman & Board of Directors Golden Energy and Resources Limited cc: Mr Dwi Prasetyo Suseno, Executive Director, Group CEO Ms June Sim, SGX RegCo Mr KK Lai, Investor Relations (WeR1 Consultants) Dear Chairman, Appeal for Review of Offer The bid to take Golden Energy and Resources (GEAR)...

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Appeal Letter to Boustead Singapore for Fairer Offer

February 16, 2023

Chairman & Board of Directors, Boustead Singapore Through: Mr Keith Chu, Senior Vice President, Corporate Marketing & Investor Relations RE: Appeal for Fairer Offer Dear Chairman & Board of Directors, Earlier this month Boustead Singapore announced a plan to take its 54.9%-owned subsidiary Boustead Projects private...

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Press Statement: Questions to Sembcorp Marine Limited to Assist Shareholders’ Concerns

February 7, 2023

To: Sembcorp Marine Limited Through: Mr. Wong Weng Sun, President & Chief Executive Officer Questions to Sembcorp Marine Limited (“SCM”) On 27 April 2022, SCM announced the details of the proposed combination with a restructured Keppel Offshore & Marine Ltd (“KOM”) to create...

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SIAS To Host Corporate Governance Week 2022 Through Hybrid Meetings Focusing On Advancing Corporate Governance In An Age Of Disruptions

September 26, 2022

GLOBAL THOUGHT LEADERS EXPOUND ON THE URGENCY TO STRENGTHEN CORPORATE GOVERNANCE AS A KEY PILLAR IN AN ERA OF DISRUPTIONS Trends and strategies in managing climate change, ESG risk and supply chain disruptions through implementation of good corporate governance principles...

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Press Statement: Hwa Hong Shareholders To Make A Decision

July 28, 2022

SIAS notes that there are no potential competing Offers made to Hwa Hong by 25 July 2022, the deadline set by the Securities Industry Council. On 26 July 2022, Hwa Hong made an announcement to inform Shareholders that the...

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Press Statement: Incredible Holdings’ Clarifications on SIAS’ Commentary dated 18 July 2022

July 25, 2022

We refer to our Commentary in the Business Times dated 18 July 2022 titled “Regulators Can Do More About Governance Lapses At Incredible Holdings And Watches.com” (“Commentary”) and the responses by Incredible Holdings (“Incredible”) in their announcement on SGXNet dated...

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