General Announcement::(1) RESIGNATION OF GROUP CEO (2) APPOINTMENT OF ACTING GROUP CEO
Issuer & Securities
VICPLAS INTERNATIONAL LTD
VICPLAS INTERNATIONAL LTD - SG1G57870584 - 569
Date &Time of Broadcast
Announcement Sub Title
(1) RESIGNATION OF GROUP CEO (2) APPOINTMENT OF ACTING GROUP CEO
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
(1) RESIGNATION OF GROUP CHIEF EXECUTIVE OFFICER
The Board of Directors of Vicplas International Ltd (Vicplas) wishes to announce the resignation of Mr Mark Samlal as Group Chief Executive Officer of Vicplas. He joined Vicplas as Group Chief Executive Officer in December 2008. He has decided to pursue other opportunities and therefore has tendered his resignation. His last day of service with Vicplas is 31 October 2014.
The Board would like to record its appreciation to Mr Samlal for his contribution to Vicplas during his years of service.
(2) APPOINTMENT OF ACTING GROUP CHIEF EXECUTIVE OFFICER
The Board also wishes to announce that Mr Cheng Liang has been appointed as Acting Group Chief Executive Officer of Vicplas with effect from 31 October 2014.
Mr Cheng Liang has been part of the senior management team of Vicplas. He will continue with his current role and responsibility in the pipe and pipe fittings business of Vicplas and its subsidiaries whilst assuming his new appointment as Acting Group Chief Executive Officer of Vicplas.
The detailed announcements containing the particulars and declaration of Mr Samlal and Mr Cheng as required under Rule 704(7) of the Listing Manual of the SGX Singapore Exchange Securities Trading Limited (SGX-ST) are released separately to the SGX-ST today.