SINGAPORE (Sept 24): The Securities Investors Association (Singapore) has admitted that it made an “administrative error”, which resulted in questions posted on online Q&A platform Pigeonhole going unaddressed at a Sept 10 KrisEnergy investor meeting.
This comes in response to an article carried by The Edge Singapore last week, which reported the plight of KrisEnergy minority bondholders who are wary of being discriminated again in light of a new restructuring plan.
See: As KrisEnergy readies new restructuring plan, retail bondholders wary of being suckers again [Subscribers only]
Mui Sin, a bondholder who attended the meeting, said questions posted on Pigeonhole were not addressed at all – nor even put up on the screen.
SIAS says KrisEnergy only became aware of the error on Sept 20 and received the Pigeonhole questions on the same day.
SIAS notes that KrisEnergy is currently drafting responses to the questions, and intends to publish the answers to SGXNet and on the company’s website.
It adds that SIAS will disseminate the responses by KrisEnergy to all the attendees at the dialogue session.
“SIAS tenders its apology to KrisEnergy for any inconvenienced or embarrassment caused by the administrative oversight,” it says in a statement today.
