Change - Announcement of Cessation::Cessation of Key Management Staff

Issuer & Securities

Issuer/ Manager
ASPIAL CORPORATION LIMITED
Securities
ASPIAL CORPORATION LIMITED - SG1G71871634 - A30
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jun-2021 17:42:27
Status
New
Announcement Sub Title
Cessation of Key Management Staff
Announcement Reference
SG210622OTHR08TU
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Key Management Staff - Ng Kean Seen

Additional Details

Name Of Person
Ng Kean Seen
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2021
Detailed Reason (s) for cessation
Mr Ng Kean Seen's employment with the Company will cease with effect from 30 June 2021. He will be taking up a new role as the Deputy Chief Executive Officer of Maxi-Cash Financial Services Corporation Ltd, a subsidiary of the Company.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
30/06/2017
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Senior Director, Jewellery Business
Role and responsibilities
Responsible for the management of the Group's jewellery retail business and manages the Group's investments in Niessing jewellery, bullion and safe keeping businesses.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
World Class Global Limited, a subsidiary of the Company
Direct Interest
- 2,000,000 Ordinary Shares
Past (for the last 5 years)
Nil
Present
1. Goldheart Bullion Pte Ltd
2. Silver Bullion Pte Ltd
3. Niessing Asia Pacific Pte Ltd