Change - Announcement of Appointment::Appointment of Non-Executive Director

Issuer & Securities

Issuer/ Manager
TAT HONG HOLDINGS LTD
Securities
TAT HONG HOLDINGS LTD - SG1I65883502 - T03
TAT HONG S$100M 4.5%N180731 - SG57B7995131 - 2YCB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-May-2018 17:42:12
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG180528OTHR8UA6
Submitted By (Co./ Ind. Name)
Jennie Hong Chok Hane
Designation
Group CFO / Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Director

Additional Details

Date Of Appointment
28/05/2018
Name Of Person
Nainesh Jaisingh
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors (the "Board") of Tat Hong Holdings Ltd (the "Company") refers to the voluntary conditional cash offer (the "Offer") by Oversea-Chinese Banking Corporation Limited ("OCBC Bank"), for and on behalf of THSC Investments Pte. Ltd. (the "Offeror"), for all the issued and paid-up ordinary shares in the capital of the Company (the "Shares"), other than those Shares already held by the Company as treasury shares and those Shares already held, directly or indirectly, by the Offeror as at the date of the Offer.

The Board further refers to:
i) the offer document dated 29 March 2018 (the "Offer Document") released by OCBC Bank, for and on behalf of the Offeror; and
ii) the circular to shareholders dated 6 April 2018 (the "Circular") issued by the Company in relation to the Offer.

Mr Nainesh Jaisingh ("Mr Jaisingh") is appointed to the Board pursuant to Paragraph 7.4 of the Offer Document and Section 4.2 of the Circular which set out the following:

"Subject to, inter alia, the Offer being declared unconditional as to acceptances and the satisfaction of applicable requirements under the listing rules of the SGX-ST, two (2) additional directors nominated by SCPE shall be appointed on a best-efforts basis to the board of directors of the Company with effect from the first settlement date for the acceptances tendered in acceptance of the Offer."
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Mr. Jaisingh currently serves as the Global Head and Managing Director at Standard Chartered Private Equity ("SCPE"), the private equity business unit of SC PLC, which invests in mid-to-late stage companies in need of expansion capital or acquisition finance, and in management buy-outs. Mr. Jaisingh is one of the founding members of SCPE, and has been with SCPE since its inception in 2002. He has 26 years of experience in the financial services industry, and 16 years of private equity experience primarily across Africa, the Middle East, South-east Asia, Greater China, Korea and India. Mr. Jaisingh has represented SCPE on the boards of portfolio companies that are engaged across a diverse range of sectors, from heavy industrials and livestock, to fintech and travel. Prior to SCPE, Mr. Jaisingh worked with ANZ Grindlays Bank. Mr. Jaisingh holds an MBA from the Indian Institute of Management, Bangalore; and a Bachelor of Technology (Hons) from the Indian Institute of Technology BHU, Varanasi.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Redington (India) Limited
Inox India Pte Limited
Sutherland Global Services Inc.
Coffee Day Resorts Private Limited
Amalgamated Bean & Coffee Trading Company Limited
Wellard Group Holdings Pty Ltd
MMI Technoventures Pte Ltd
Prime Focus Limited
Powerica Limited
Prime Focus World N.V.
Marina (Venus) Holdings Pte Ltd
Marina Hari (V) Pte. Ltd.
Marina Redi (IV) Pte. Ltd.
Standard Chartered Private Equity Advisory (India) Pvt. Ltd
Interglobe Technology Quotient Limited
Atlantic Investment III Ltd
Present
Alboran Investment Ltd
Atlantic Investment I Ltd
Atlantic Investment II Ltd
Balearic Investment Ltd
Camotes Investment Ltd
Catalan Investment Ltd
Celebes Investment Ltd
Crystal Jade Culinary Concepts (Great China) Limited
Crystal Jade Culinary Concepts Holdings Pte. Ltd.
Crystal Jade Group Holdings Pte. Ltd.
Flores Investment Ltd
Golden Gate Trade & Services Joint Stock Company
Greenman Pte. Ltd.
Marina Hari (IV) Pte. Ltd.
Marina Horizon (Singapore) Pte. Ltd.
Marina III (Singapore) Pte. Ltd.
Marina IV (Singapore) Pte. Ltd.
Marina Private Equity (Singapore) Pte. Ltd.
Marina Samyang Pte. Ltd.
Marina Viet Pte. Ltd.
Marina West (Singapore) Pte. Ltd.
Maxpower Group Pte. Ltd.
New Lifestyle Service Corporation
Ocean Horizon Holdings East Limited
Ocean Horizon Holdings South Ltd.
Ocean Horizon Holdings West Limited
Pacific Investment I Ltd
Pacific Investment II Ltd
Phoon Huat Pte Ltd
Standard Chartered Corporate Private Equity (Cayman) Limited
Standard Chartered International Partners
Standard Chartered Private Equity (Cayman) Limited
Standard Chartered Private Equity (Mauritius) II Ltd
Standard Chartered Private Equity (Mauritius) III Ltd
Standard Chartered Private Equity (Mauritius) Ltd
Standard Chartered Private Equity (Singapore) Pte. Ltd.
Standard Chartered Private Equity Managers (Singapore) Pte Ltd
Standard Jazeera Ltd
Standard Topaz Ltd
Yellow Star Investment 1 Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr. Jaisingh was previously a director of Redington (India) Limited and Prime Focus Limited, companies that are listed on both the National Stock Exchange of India and the Bombay Stock Exchange.