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Amid spate of privatisation attempts, SIAS calls for IFA process to be improved

David Gerald
David Gerald • 3 min read
Amid spate of privatisation attempts, SIAS calls for IFA process to be improved
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Dear Mr Fuganto Widjaja and Members of the Board,

SIAS refers to the Golden Energy and Resources (GEAR)'s announcement dated May 31 2023 which the company noted that "inaccuracies and omissions in the SIAS Letter that need further explanation".

First of all, SIAS notes the company's comments and would like to set the record straight: SIAS calls on minority shareholders of GEAR to accept the proposed DIS of GEMS and to reject the proposed voluntary delisting of GEAR from SGX-ST at the EGM.

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