SIAS urges NeraTel shareholders to reject Ennoconn Corp's mandatory offer

SAC Capital said the offer is “not fair and not reasonable.”

The Securities and Investors Association (Singapore) (SIAS) is urging Nera Telecom shareholders to reject the mandatory unconditional cash offer of $0.075 per share from Ennoconn Corp.

The independent financial adviser (IFA), SAC Capital, has stated that the offer is “not fair and not reasonable.”

Nera’s independent directors support this recommendation and advise shareholders to decline the offer.

SIAS clarified that the term “mandatory” does not require shareholders to accept the offer; they are free to retain their shares.

Ennoconn Corp has also announced it will not change the offer price, does not intend to pursue compulsory acquisition, and plans to keep Nera listed.

SIAS reiterates the advice of the IFA and independent directors that shareholders should reject the offer.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia