Category Press Release

Press Statement: Vard – Offer by Fincantieri

SIAS has received feedback from minority shareholders of Vard, their disappointment with respect to the offer by Fincantieri to delist and privatize Vard. The offer of $0.25 per share, shareholders feel, does not reflect...

Press Statement – SBI Offshore AGM: United We Stand, Divided We Fall

The unhappiness of minority shareholders at SBI Offshore is well known in the market. It is largely due to the lack of results in the hunt for new business by the board since the...

Commentary: Issues to resolve when tackling gender diversity on company boards

First published in Straits Times on 23 April 2018 Firms’ performance v equality; quotas v free market approach The recently announced Asean Corporate Governance Scorecard 2018 for Singapore must have been disappointing...

Commentary: Food for thought for shareholders at AGMs

First published in Straits Times on 16 April 2018 They should acquire the requisite knowledge, as they have role in firms’ overall governance A public relations consultant, with many years of work experience in England...

Press Statement – Proposed treatment of shareholders on Primary Restructuring by Noble Group Limited

SIAS refers to the statement by SGX RegCo reviews Noble Group Limited’s Restructuring Support Agreement. We are pleased to note that SGX RegCo is of the view “that shareholders should have the freedom of...

Commentary: Debate on dual-class shares should centre on safeguards

First published in Straits Times on 31 March 2018 By almost all accounts, dual class shares (DCS) will soon be part of the local investment landscape. The Companies Act was amended in early 2016...

Press Statement – Disposal of assets by China Hongxing – Shareholders’ dilemma?

SIAS today met with a group of China Hongxing minority shareholders regarding their concerns over the bid by majority shareholders, the Wu family, to acquire the assets of the company. The session with...

Press Statement: Noble, to do the right thing!

SIAS welcomes the recent Notice of Compliance by SGX requiring Noble Group to appoint an independent financial advisor (IFA). The report will certainly help provide guidance to shareholders and noteholders of Noble Group....

Press Statement: Ezra’s restructuring – Ensuring a fair deal for creditors and shareholders through IFA guidance

SIAS refers to the recent announcement by Ezra on 1 March 2018 regarding the restructuring update of the company and a potential new investor. Given the continued downturn in the oil and gas sector,...

Commentary: SGX move to fine-tune quarterly reporting a step in right direction

First published in Straits Times on 12 March 2018 After moving to a disclosure based regime, mandatory quarterly reporting (QR) was introduced here in 2003. Opinions have been divided as to its usefulness, which...

Press Release