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Open letter
REITs
ESR urges Sabana’s unitholders to ‘restore certainty and stability’ to the REIT in open letter
Sabana REIT will be holding its EGM on Aug 7.
July 26, 2023
Covid-19
Right issue price 'in line with market precedents', says SIA
Singapore Airlines (SIA) has responded to an open letter to the Securities Investors Association Singapore (SIAS) on Friday.
April 24, 2020
Shareholder activism
Sunningdale to Quarz: Focus is on fundamentals, long-term value
SINGAPORE (Mar 7): Sunningdale Tech says that the group’s latest manufacturing sites in Chuzhou and Penang are part of its long-term strategy to build a sustainable and profitable business model.
March 07, 2019
Shareholder activism
Quarz presses Sunningdale to address 'shareholder value destruction', quantify Penang losses
SINGAPORE (Mar 5): Quarz Capital Management activist fund has sent off a second open letter to the board of Sunningdale Tech, the Mainboard-listed high-precision plastic components maker, which was hit by another earnings miss.
March 05, 2019
Management & Corporate Governance
Hyflux replies to stakeholders' queries
SINGAPORE (Feb 15): Olivia Lum, chairman and CEO of Hyflux, expressed regret that the water company she founded had imploded in such a spectacular manner that it required a bailout.
February 15, 2019
Management & Corporate Governance
SIAS queries Hyflux on operations, valuation and accountability matters in open letter
SINGAPORE (Feb 11): The Securities Investors Association Singapore (SIAS) has sent Hyflux an open letter, containing some 23 questions concerning the group’s operations, valuation and accountability, which the association said had not been addressed by
February 11, 2019
After Metro, Quarz calls on IHC to sell non-core assets and return cash
SINGAPORE (Jan 13): Quarz Capital Management, an activist investor, has called on International Healthway Corporation to sell its non-core assets and return cash to its investors.
January 13, 2017
Metro says cash conservation needed for long-term property development
SINGAPORE (Oct 11): Metro Holdings said it is conserving its cash for its capital intensive property division, in response to an open letter from its shareholder Quarz Capital Management.
October 11, 2016