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Singapore Paincare Postpones Meeting After Sias Raps Firm
The Straits Times
|August 29, 2025
Medical services company Singapore Paincare has postponed an Aug 28 scheme meeting to vote on a privatisation offer, it announced in a bourse filing on the night of Aug 27.
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Shareholders had been set to vote on the offer at a meeting on Aug 28 at 2pm. A new date for the meeting has not yet been determined.
Singapore Paincare added that existing proxy forms that have been submitted for the scheme meeting will be disregarded and shareholders will need to resubmit fresh proxy forms for the adjourned meeting.
The move comes after the Securities Investors Association (Singapore), or Sias, criticised the company over two WhatsApp messages sent to shareholders ahead of the meeting one on Aug 16 summarising the offer and encouraging support for the delisting, and another on Aug 21 reminding them of the proxy form deadline.
Both were signed by Singapore Paincare chief executive officer Bernard Lee and chief operating officer Jeffrey Loh.
Sias said the WhatsApp messages were a breach of rule 8.6 of the code on takeovers and mergers.
Diese Geschichte stammt aus der August 29, 2025-Ausgabe von The Straits Times.
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