Showing 5563 Documents for "MAS"
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- Serial System Ltd "Serial System" or the "Company") In its press release on 8 Mar 2001 , the SIC stated that Eddie Chng Weng Wah ("Chng") had not complied with Rule 33 of the Singapore Code on Take-overs and Mergers (the "Take-over Code"), as he had failed to announce a mandatory offer for Serial System on 26 Feb 2001 after increasing his voting rights in the Company beyond 25% 1 . The SIC directed Chng to make a take-over offer and pay compensation to eligible Serial System shareholders who held
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- Luncheon Address by DPM Lee at the International Monetary Conference Date: 04 Jun 2001 Mr Sandy Warner President, IMC Ladies and Gentlemen: Introduction 1 I welcome all the delegates to this first IMC of the new century. Please allow me to share with you a Singapore perspective on financial centres as they are and as we expect them to be in the years ahead. 2 In the last few decades the pattern of international financial activity has undergone major changes. Starting with a high concentration
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- Speech by Dr Khor Hoe Ee, Assistant Managing Director (Economics), at the FOW Eight Asia-Pacific Derivatives Exhibition, Westin Hotel Date : 25 Sep 2001 1 INTRODUCTION 1.1 Good morning. I would like to share with you my views on derivatives markets from the perspective of a central banker in post-crisis Asia. 1.2 Recent years have seen phenomenal growth in global as well as regional financial derivatives markets. Prospects for derivatives in the Asian region have brightened considerably
- MAS
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- 16 Jul 2002... The Board of Commissioners of Currency, Singapore (BCCS) is pleased to announce the issue of the 2002 Singapore Lion Gold Bullion Coins on 7 August 2002. Coin Design and Weight 2 This is the last in the series of Singapore Lion Gold Bullion coins of 999.9 fine gold issued since 1991 that bear the privy mark. A total of 5 coins weighing 1 troy ounce, ½ troy ounce, ¼ troy ounce, 1/10 troy ounce and 1/20 troy ounce with face value of $50, $20, $10, $5 and $1 respectively will be
- MAS
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- On 23 May 2001, the Securities Industry Council ('SIC') directed Eddie Chng Weng Wah ('Chng') to compensate (the 'Compensation') Serial System shareholders as at the close of trading on 26 Feb 2001 (the 'Affected Shareholders') prejudiced by Chng's failure to make a general offer for the Company as required by the old Rule 33 1 of the Singapore Code on Take-overs and Mergers ('Take-over Code'). The SIC also directed Chng and his concert parties not to deal in the Serial System shares that they
- MAS
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- Independent advice is essential to the protection of the interests of minority shareholders in a public company which is the subject of a take-over offer ("offeree company"). This fundamental safeguard is enshrined in and enunciated by General Principle 8 and Rule 7.1 of the Take-over Code, which require the board of an offeree company to obtain independent advice and make known such advice to shareholders of the offeree company. 2 Note 1 on Rule 7.1 emphasises that such independent advice is
- MAS
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- On 3 Oct 2002, Standard Chartered Bank announced, for and on behalf of 98 Holdings Pte Ltd ("98 Holdings"), a voluntary conditional cash offer (the "98 Offer") for all the issued and paid-up ordinary shares in the capital of Natsteel Ltd ("Natsteel" or the "Company"). 98 Holdings despatched its offer document for Natsteel on 24 Oct 2002. 2 Following the announcement of the 98 Offer, Mr Oei Hong Leong bought substantial numbers of Natsteel shares in the market via his investment vehicle, Sanion
- MAS
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- Singapore, 29 November 2002 - The Minister for Finance, during his Budget Speech on 3 May 2002, announced the implementation of the Financial Sector Incentive Scheme (FSI). Following consultations with financial sector players, the government is in the process of formulating the details of the FSI. The final details of the scheme would be released in February 2003. ***
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- Remaking the Singapore Economy INTRODUCTION 1 I agreed to speak on the theme of Remaking the Singapore Economy many months ago. It seemed an appropriate subject to talk about, given that we were engaged in a major exercise to remake the Singapore economy. As part of the exercise, we pondered the likely risks that might derail our recovery and longer-term plans - a double dip in the US economy, more terrorist attacks, the war in Iraq going awry, and oil prices shooting up. But events have a
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- East Asian Capital Markets: Challenging Times Introduction: East Asian Prospects 1 This conference is taking place at a time of great uncertainty, when attention is focused on geopolitical and security concerns. The short-term outlook for Asia's capital markets is clouded by the prospects of war in Iraq, tension in the Korean Peninsula, and a slowdown in the world economy. With stock markets weak and volatile, investors have turned increasingly risk averse. 2 However, the longer-term prospects