Change - Announcement of Cessation::Cessation of Financial Controller

Issuer & Securities

Issuer/ Manager
MS HOLDINGS LIMITED
Securities
MS HOLDINGS LIMITED - SG1AE1000007 - 40U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Sep-2015 17:21:50
Status
New
Announcement Sub Title
Cessation of Financial Controller
Announcement Reference
SG150907OTHRADPT
Submitted By (Co./ Ind. Name)
Yap Chin Hock
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Financial Controller

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by 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 persons for the Sponsor are Mr Khong Choun Mun, Managing Director, Equity Capital Markets and 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.

Additional Details

Name Of Person
Tan Keng Hean
Age
36
Is effective date of cessation known?
Yes
If yes, please provide the date
22/09/2015
Detailed Reason (s) for cessation
To pursue other career opportunities. The Company's Sponsor, after having interviewed Mr Tan Keng Hean, is not aware of any other material reasons for the resignation of Mr Tan Keng Hean.
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?
Yes
If Yes, Please provide full details
There are no concerns with regard to the Group's financial reporting that led to Mr Tan Keng Hean's resignation and there have not been disagreements with regard to practices that would have an impact on the Group's financial reporting. There will be continued smooth functioning of the Group subsequent to the cessation.
Date of Appointment to current position
02/06/2014
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Oversee the accounting and finance function of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil