,Singapore

SIAS claims meeting with Indonesian businessman was a “courtesy call”

Reports claim that Johnny Widjaja is a potential investor in Hyflux.

The Securities Investors Association (Singapore) (SIAS) has stated that their meeting with Indonesian businessman Johnny Widjaja was “much more in the nature of an introductory courtesy call”, according to a statement by SIAS founder & CEO David Gerald.

The statement debunks local media reports claiming that Widjaja aims to propose a deal to the preference shares and perpetual securities (P&P) holders of Hyflux.

However, SIAS clarified that their meeting did not have a “discussion of detailed terms.”

“Mr. Widjaja also did not propose any terms for the P&P holders during the meeting. Whilst SIAS is happy to meet with interested investors, SIAS strongly repeats its earlier call that any proposal by investors must include a firm offer for P&P holders and that the P&P offer terms should be made public as soon as possible for P&P holders’ consideration,” Gerald added. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end. 
The company offered 0.6 million units at $5 each.
96% of respondents also believe that this is essential to their organisation. 
The record surpassed Bloomberg's estimate of 13.5%.
 Sembcorp Industries had the most growth.
Globally, the percentage of workers who had the same sentiment was lower at 51%.
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.