Change - Announcement of Cessation::Resignation of Chief Financial Officer
Issuer & Securities
MONEYMAX FINANCIAL SERVICES LTD.
MONEYMAX FINANCIAL SERVICESLTD - SG2G06995143 - 5WJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Lim Yong Guan
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by MoneyMax Financial Services Ltd. (the Company ) and has been reviewed by the Company s sponsor, United Overseas Bank Limited ( UOB or the Sponsor ), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.
Name Of Person
Wee Sung Leng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Pursuit of other interest.
The Sponsor, after interviewing Mr. Wee Sung Leng, is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr Wee Sung Leng as CFO of the Company.
The Company is in the process of finding a replacement for the position of CFO and will make the necessary announcement when a suitable candidate is found. Ms. Lee Su Yi, the Assistant Financial Controller of the Company who is a Chartered Accountant and a member of the Institute of Singapore Chartered Accountants (ISCA), will cover the duties of the CFO in the interim.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr. Wee Sung Leng was responsible for overseeing the accounting and finance functions of the Company and the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
IL&FS Global Financial Services Pte Ltd
Singapore Myanmar Investco Ltd.
Combine Will International Holdings Limited
Fortune Green Global Corp