Straits Trading intends to create value for all shareholders

WE refer to The Business Times' Hock Lock Siew column on Sept 30, 2021 (Straits Trading shareholders' club a commendable initiative but it should re-think co-investment plan).

We thank Ben Paul for his kind commendation and valid concerns. We wish to clarify as follows:

Firstly, no shareholders - active or passive, big or small - will be disadvantaged. Any information, offer and announcements will be disclosed on the company's website, which is accessible by the public too. Shareholders will be encouraged to register with the Shareholders' Club. In particular, those with shares held in CDP and nominee accounts. As an example, the ubiquitous alumni associations of schools and colleges do not have every alumnus signing-up. Registration will ensure engagement and activities are targeted and cost-efficient. Furthermore, the legal obstacles of personal data protection, spamming and scamming necessitate a dedicated platform for operations.