Pros and cons of Cosco’s proposed asset sale
Date: 23 August 2017

First published on Business Times on 23 August 2017

Move appears to be in the interest of shareholders but they need to ask questions about future plans at EGM

The shipping, offshore maritime, oil and gas sectors have been suffering the effects of a very daunting market conditions amidst an unprecedented and protracted industry downturn. The effect of the downturn has seen billions wiped out from the market capitalization of these companies. Some of these companies, once the darlings of market, much to the disappointment of investors have now sort court protection. While many are pursuing efforts to restructure their debt and improve their balance sheets, a few have already gone into or commenced liquidation. The effect of a liquidation destabilizes the confidence of investors.

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Iceberg's Criticism does not take note of improvements by Noble
Date: 10 August 2017

To the Editor
Business Times

First published on Business Times on 10 August 2017

Dear Editor,

I refer to the Business Times’ articles published on 4 and 5 August 2017 on Iceberg’s latest report on Noble Group Limited.

SIAS has been following the developments at Noble. We are pleased that Noble has shown willingness to engage with retail investors, including issuing results guidance and holding shareholder engagements. We have also observed greater transparency in Noble’s financial statements in recent quarters including information on fair value gains and associated companies. Noble’s financial statements for 2015 and 2016 also received clean audit opinions from one of the international big four accounting firms, Ernst & Young in Hong Kong, which is expected to have robust internal processes to ensure quality auditing.

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Press Statement: SIAS mourns the passing of Magnus Böcker, its Chairman
Date: 28 July 2017

We are deeply saddened by the demise of our Honorary Chairman, Mr Magnus Böcker. In spite of his setback in health, when he found out he was well following the diagnosis and treatment of his cancer, he readily responded to our call to join SIAS as our Honorary Chairman on 1st February 2017. His first job was to meet the Management Committee at a retreat on 27th February 2017 to listen to our strategic plans and objectives. He had himself some suggestions, in particular, he was interested in SIAS pursuing an independent funding model and wanted to help us achieving that. However, sadly he has been suddenly taken away.

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Press Statement on Si2i Share Buyback Move To Address Shareholder Concerns
Date: 31 May 2017

SIAS is pleased to note that S i2i, which is currently on the SGX watch list, is taking steps to address shareholder concerns which SIAS has raised with the Board of S i2i, following feedback from shareholders at the recent SIAS dialogue session. SIAS notes that the latest announcement by S i2i is a proposal for share buyback for shareholders to approve at an EGM. The share buyback will see part of the company’s cash going back to shareholders and, if done at a meaningful level, should see shareholders’ value improved, as the current share price is trading significantly below the last declared net tangible asset value of the company.

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Commentary: Maritime Sector Needs Help To Ride Out Storm
Date: 18 May 2017

The Industry faces more issues than help, especially with local banks, when caught in a challenging economic climate

The raging and persistent turbulence in the maritime sector has not only destabilised many industry players but minority retail shareholders and noteholders as well, who have suffered as restructuring efforts have been lacklustre and futile.

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