Press Releases

Appeal to Golden Energy and Resources Limited for Review of Offer

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

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

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

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

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

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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SIAS Fireside Chat with Frasers Property Limited

SIAS did a fireside chat with Ms Eu Chin Fen, CEO, Frasers Hospitality Trust  (FHT) to understand the rationale of the privatisation of FHT via a trust scheme of arrangement at a consideration of $0.70 per stapled security. On behalf...

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Press Statement: Hwa Hong Shareholders to Hold On

SIAS has received enquiries from Hwa Hong’s shareholders on the recent Independent Financial Adviser (IFA) recommendations on the Voluntary Conditional Cash Offer. IFA says the offer of $0.40 is fair and reasonable and shareholders may accept the offer on 28...

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Press Statement: SIAS Clarifies Meeting With Hwa Hong

SIAS had a good meeting with Hwa Hong yesterday. Hwa Hong’s Directors came to see SIAS proactively to seek SIAS’ independent guidance on the related issues and to brief SIAS on the next steps. SIAS was informed by Hwa Hong directors...

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Press Statement: Hwa Hong Board Should Expedite SGX RegCo Directives

SIAS has observed the recent developments at the board level at Hwa Hong Corporation Limited with some concerns, which left the Board being majority-controlled by certain close family members and substantial shareholders. This is compounded by the recent resignation of...

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