Date: December 18, 2009
SIAS is pleased to note that the court has granted the order for an EGM to be held by Sino-Environment Technology Ltd. In this regard, the effort of the Independent Directors is applauded. We are now confident that the minority shareholders will support the move to appoint a new Board to preserve the assets of the Company and do all necessary things that is in the interest of the Company and all shareholders. SIAS will continue to work with the Independent Directors and the professionals advising the Company to ensure that the interest of the minority shareholders are advanced and protected.
SIAS calls on all minority shareholders to turn up at the EGM to support this move to appoint a new Board. SIAS will ensure the persons nominated to the Board by the Independent Directors are well qualified and able to do the job.
David Gerald
President & CEO
Securities Investors Association (Singapore)
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