Sias calls on Singapore Paincare to clarify actions after failed privatisation bid

The Securities Investors Association (Singapore) has urged Singapore Paincare to clarify its actions following a failed privatisation bid. The bid, led by Advance Bridge Healthcare, collapsed due to lapsed credit facilities and lack of financial resources. Sias raised concerns about the impact on minority shareholders and questioned the company's board on their awareness of the financial situation and potential breaches in takeover communications. Sias emphasized the need for transparency and accountability in corporate governance.