Press Statement: Decision to compensate shareholders by Vision Three Pte Ltd

Date: April 18, 2016

SIAS is pleased to note the decision by Vision Three Pte Ltd to compensate all shareholders who sold their shares on 5th April 2016, pursuant to our appeal to Securities Industries Commission (SIC) on 12th April 2016. The decision to compensate is a responsible one and the fact that it was made speedily reflects the positive attitude on the part of Mr Ron Sim and his advisors. SIAS thanks him on behalf of the affected shareholders.

SIAS hopes that this experience will put all owners listed of companies who wish to take the privatization route to exercise extra care to ensure that a similar situation does not occur again.

David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)