Posted on 28th Oct 2011 @ 9:13 AM

Singapore, 27 October 2011 . Sheng Siong Group Ltd. ("Sheng Siong", and together with its subsidiaries, the "Group"), one of Singapore.s largest retailers, has emerged as the Winner of the 'Most Transparent Company Award - New Issues Category' at the Securities Investors Association (Singapore) ("SIAS") Investors' Choice Awards 2011.

SIAS launched the 'Most Transparent Company Award' in 2000 to encourage public listed companies to be more transparent to help investors make informed decisions on their investments.

The Group was selected through nominations received from investment analysts, heads of research, fund managers and members of the mass media. The Most Transparent Company Award is based on key criteria such as timeliness, substantiality and clarity of news release, degree of media access, frequency of corporate results, availability of segmental information and communication channels.

Commenting on the win, Mr. Lim Hock Chee, Chief Executive Officer of Sheng Siong Group Ltd. said, "It is indeed an achievement to be awarded the Most Transparent Company under the New Issue category, within 2 months of listing. Thank you SIAS for bestowing the Group with this prestigious award.

This recognition will encourage and fortify our commitment in upholding high standards of corporate governance and transparency to enhance shareholder value. We will continue improving our disclosure practices to further raise the level of confidence in our shareholders."

For more information, please refer to: http://www.shengsiong.com.sg

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