Change - Announcement of Cessation::Resignation of Chief Financial Officer
Issuer & Securities
MOOREAST HOLDINGS LTD.
MOOREAST HOLDINGS LTD. - SGXE69578966 - 1V3
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Sim Koon Lam
Executive Director, CEO and Deputy Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, W Capital Markets Pte. Ltd. (the "Sponsor").
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and 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, Registered Professional, W Capital Markets Pte. Ltd., 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3541.
Name Of Person
Lieu Chin Leong ("Kenny Lieu")
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lieu Chin Leong ("Kenny Lieu") has tendered his resignation as a Chief Financial Officer of the Company to pursue other opportunities in business advisory that are more in line with his personal interest.
The Company expresses its gratitude to Mr Kenny Lieu for his valuable contributions during his tenure of service.
The Sponsor, having spoken to Mr Kenny Lieu, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Kenny Lieu.
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. Kenny Lieu was responsible for overseeing the finance and accounting function of the group. He had also assisted the CEO in formulating and implementing the strategic plans of the group.
Mr Kenny Lieu will work closely with the Financial Controller, Ms Low Wei Yee ("Yvonne Low") to hand over his duties and ensure smooth transition. Ms Yvonne Low will be working closely with the CEO to take over Mr Kenny Lieu's role in the interim, and if required, will be provided with additional staff and resources.
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)