Disclosures

THINKING ALOUD

Clearer disclosure of IPO investment proceeds needed

The public should know the use of funds upfront, in terms of every S$1 invested – not every S$1 the company receives

Over-strict codes can drive relationships underground with even more explosive fallout. The board has a role, therefore, in applying common sense about the necessary action.

Memo to the CEO: Office romance is also the board’s business

Senior executives should disclose workplace relationships

HSBC failed to properly disclose investment banking relationships with Hong Kong-listed companies in more than 4,200 research reports published between 2013 and 2021.

HSBC fined HK$4.2 million by Hong Kong regulators over disclosure failure

[HONG KONG] HSBC has been fined HK$4.2 million (S$692,427) by Hong Kong regulators over disclosure failures, the regulators said on Tuesday (Aug 26).

Ground handler and caterer Sats receives an overall score of 114.1 out of a theoretical maximum of 143 points.

Singapore companies improve slightly on corporate governance; Sats retains top spot in key index

City Developments Ltd no longer in top 10 for first time since 2016; CapitaLand Ascott Trust stays No 1 in Reits and business trust category

The recommendations by SBF apply to smaller businesses, which make up 84% of SGX listings, since not all listings (including secondary-listed issuers) are subject to sustainability reporting requirements.

SBF proposes 1-2 year extension of compliance deadline for SGX listcos’ climate-related disclosures

This is one of four recommendations, after smaller listed companies say they are unsure about making the deadline

About 85 per cent of LReit’s committed debt facilities are linked to sustainability performance indicators.
ESG INSIGHTS

Issue 129: LReit’s new debt sticks to sustainability-linked structure; Oxford Economics weighs food cost of net zero

This week in ESG: Lendlease Global Commercial Reit’s commitment to sustainability-linked financing; net zero could significantly raise food production costs in South-east Asia

The fine by the Financial Conduct Authority (FCA) dates back to the height of the 2008-to-2009 financial crisis, when Barclays scrambled to raise funds from overseas investors including Qatar in order to avoid a state bailout.

UK regulator fines Barclays £40 million over disclosures related to Qatar dealings

BRITAIN’S financial regulator said on Monday (Nov 25) it had fined Barclays £40 million (S$68 million) in total for its failure to disclose certain arrangements with Qatari entities in 2008.

Carl Icahn said the outcome allowed him to put to rest the short-seller’s “scurrilous and unsupported” allegations as federal authorities had investigated Hindenburg’s claims but chosen not to take action.

Icahn settles with US SEC over alleged disclosure failures

BILLIONAIRE investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges that for years he failed to disclose pledging the majority of the firm’s securities for billions in persona...

Cordlife says it will consider the possibility of appointing new independent directors to “serve as additional checks and balances”.

Four Cordlife directors, ex-group CEO arrested amid CAD probe

FOUR directors of Cordlife Group, along with its former group chief executive, Tan Poh Lan, have been arrested by the Commercial Affairs Department (CAD) and then released on bail.

Most countries have adopted only modest targets for sustainable aviation fuel usage up to 2030.
ESG INSIGHTS

Issue 89: Singapore to charge for SAF; S-E Asia exchanges join hands on ESG data

In this issue: The Civil Aviation Authority of Singapore will mandate use of sustainable aviation fuel from 2026, while the stock exchanges of Malaysia, Indonesia, Singapore and Thailand plan to use c...