Change - Announcement of Appointment::Appointment of Group Chief Operating Officer

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITSTRAD S$170M4.1%N260504 - SGXF74313176 - EPRB
STRAITSTRAD S$370M3.25%B280213 - XS2505918610 - YOEB
STRAITSTRAD S$200M3.75%N251029 - SGXF60414491 - 58AB
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Oct-2023 17:37:50
Status
New
Announcement Sub Title
Appointment of Group Chief Operating Officer
Announcement Reference
SG231013OTHR99AH
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Teng Heng Chew Eric as Group Chief Operating Officer.

Additional Details

Date Of Appointment
01/07/2023
Name Of Person
Teng Heng Chew Eric
Age
64
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The appointment of Mr Teng Heng Chew Eric ("Mr Eric Teng") as Group Chief Operating Officer was recommended by the Nominating Committee and approved by the Board, after taking into consideration Mr Eric Teng's qualifications, expertise and past experiences.
Whether appointment is executive, and if so, the area of responsibility
Executive.

i. Driving organisational vision, operations strategies.
ii. Managing capital markets and "Co-Invest" platform.
iii. Implementing new business strategies and plans to align with the Group's long- and short-term objectives.

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Operating Officer
Professional qualifications
Master of Business Administration, NUS Business School, National University of Singapore
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2023 to present: Group Chief Operating Officer, The Straits Trading Company Limited
2019 to present: CEO, Straits Developments Private Limited
2016 to 2019: Executive Director and CEO, Heeton Holdings Limited
2014 to 2015: Adviser, The Straits Trading Company Limited
2010 to 2013: CEO, Property and Hospitality (from 2011), The Straits Trading Company Limited
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?
Yes
Shareholding Details
The Straits Trading Company Limited - 49,825 shares
Malaysia Smelting Corporation Berhad - 200,000 shares
# 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)
Straits Trading Group
1. Baxterley Holdings Private Limited
2. Straits Trading Amalgamated Resources Private Limited
3. Straits Equities Holdings (One) Pte. Ltd.

Heeton Group
1. Heeton Holdings Limited
2. Heeton Properties Pte. Ltd.
3. Kim Leong Development Pte Ltd
4. Canberra Development Pte Ltd
5. Heeton Estate Pte Ltd
6. Heeton Land Pte. Ltd.
7. Heeton Venture (Overseas) Pte. Ltd.
8. Heeton Management Pte Ltd
9. Heeton Venture (China) Pte. Ltd.
10. Heeton Venture (Asia) Pte. Ltd.
11. Heeton Homes Pte. Ltd.
12. Phileap Pte. Ltd. (In Liquidation Members Voluntary Winding Up)
13. Unique Development Pte. Ltd.
14. Development 26 Pte. Ltd.
15. Unique Realty Pte. Ltd. (Dissolved Members Voluntary Winding Up)
16. Residenza Pte. Ltd.
17. Heeton Capital Pte. Ltd.
18. MHP Pte. Ltd.
19. Unique Consortium Pte. Ltd.
20. Mountbatten Edge Pte. Ltd.
21. Unique Rezi Pte. Ltd.
22. Unique Capital Pte. Ltd.
23. Development 32 Pte. Ltd.
24. Unique Resi Estate Pte. Ltd.
25. Venture (UK) Pte. Ltd.
26. Heeton Invesco Pte. Ltd.
27. Prospere Development Pte. Ltd.
28. KBD Westwood Pte. Ltd. (In Liquidation Members Voluntary Winding Up)
29. Heeton Corporation Pte. Ltd.
30. Prospere Holdings Pte. Ltd.
31. Wickham Invesco Pte. Ltd.
32. Adam Street Pte. Ltd.
33. Unique Residence Pte. Ltd.
34. Fernvale Development Pte. Ltd.
35. Glenthorne Pte. Ltd.
36. Fairmont Land Pte. Ltd.
37. Prospere Hotels Pte. Ltd.
38. SH Sapporo Pte. Ltd.
39. Oldham Street Pte. Ltd.
40. Unique Real Estate Pte. Ltd.
41. CEL Unique Development Pte. Ltd.
42. Unique Invesco Pte. Ltd.
43. Development 24 Pte. Ltd.
44. Leeds Bridge Pte. Ltd.
45. Prospere Glow Pte. Ltd.
46. Prospere Horizon Pte. Ltd.
47. Prospere Bliss Pte. Ltd.
48. Prospere Glory Pte. Ltd.
49. KAP Hotel Investments Pte. Ltd.
50. Fortitude Valley (Hotels) Pty Ltd
51. 186 Wickham Street (Residential) Pty Ltd
52. Wickham 186 Pty Ltd
53. Dawa Hospitality Private Limited
54. Ace Zone Holdings Limited
55. Acework Limited
56. Chatteris Developments Ltd
57. Ease Treasure Holdings Limited
58. Horizon Glory Holdings Limited
59. Hoxton Eight Limited
60. Hoxton Five Limited
61. Hoxton One Limited
62. Joy Light Ventures Limited
63. Treasure Choice Enterprises Limited
64. Ultra Assets Holdings Limited
65. Barracuda Group Co., Limited
66. Dalvey Estate Limited
67. Dalvey Holdings Limited
68. Dalvey Hospitality Co., Limited
69. Dalvey Park Co., Limited
70. Dalvey Place Co., Limited
71. Dalvey Residence Co., Limited
72. Econolodge Co., Limited
73. Heeton Hospitality (IHQ) Limited
74. Adam Street Limited
75. Bradford CR Limited (previously known as Bradford Prince Court Hotel Limited)
76. Chatteris Kensington Limited
77. CPK (London) Limited
78. Edinburgh Eternal Spring Limited
79. Edinburgh Hope and Glory Limited
80. ENSCO 1154 Limited
81. ENSCO 1155 Limited
82. ENSCO 1160 Limited
83. Glasgow Groove Limited
84. Glasgow Waterloo Limited
85. Gloucester Corinium Avenue Hotels Limited
86. Heeton SG50 Limited
87. Leeds Bridge Street Hotel Limited
88. Liverpool Days Limited
89. Liverpool Operations Limited
90. Luma Concept Hotel Limited
91. Woodley Hotels (Kensington) Limited
92. General Wealth Holdings Limited
93. Hoxton Investments Limited
94. Dalvey Homes Co., Limited
95. GET Realty Co., Limited
Present
1. Bushey Park Private Limited
2. Straits Developments Private Limited
3. Sword Investments Private Limited
4. Sword Private Limited
5. STC International Holdings Pte. Ltd.
6. Grange Invesco Pte. Ltd.
7. Grange 1866 Pte. Ltd.
8. Far East Hospitality Holdings Pte. Ltd.
9. STC Capital Pte. Ltd.
10. Straits Equities Holdings (Two) Pte. Ltd.
11. Straits Investment Holdings Pte. Ltd.
12. SRE Venture 5 Pte. Ltd.
13. Atlantic Star Pte. Ltd.
14. Straits Trading Shareholders Club Pte. Ltd.
15. STC Fintech Holdings Pte. Ltd.
16. Straits Trading Metal Ventures Pte. Ltd.
17. Straits Trading Metal Asia Pte. Ltd.
18. Taiko-Straits Developments Sdn Bhd
19. STC Property Management Sdn. Bhd.
20. STC Realty (Butterworth) Sdn. Bhd.
21. Straits City Holdings I Sdn. Bhd.
22. Wellesley Assets I Sdn. Bhd.
23. Board member, YMCA of Singapore
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Director of Heeton Holdings Limited