Change - Announcement of Appointment::Re-Designation of Mr Tay Kuan Wee Alex

Issuer & Securities

Issuer/ Manager
SUTL ENTERPRISE LIMITED
Securities
SUTL ENTERPRISE LIMITED - SG1BJ4000001 - BHU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Sep-2016 17:44:49
Status
New
Announcement Sub Title
Re-Designation of Mr Tay Kuan Wee Alex
Announcement Reference
SG160930OTHR6Z3V
Submitted By (Co./ Ind. Name)
Tan Choon Kiat
Designation
Group Financial Controller
Description (Please provide a detailed description of the event in the box below)
The Company wishes to announce that Mr Tay Kuan Wee Alex had been re-designated from Special Assistant to the CEO to Group Business Development Manager with effect from 1st March 2016.

Additional Details

Date Of Appointment
01/03/2016
Name Of Person
Tay Kuan Wee Alex
Age
29
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The board had reviewed Mr Tay Kuan Wee Alex 's background, qualification and experience and is of the view that he will bring valuable experience and ideas that would contribute to the development of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive. Responsible for the business development of the Group
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Business Development Manager
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tay Kuan Wee Alex is the nephew of Executive Director Mr Tay Teng Guan Arthur and son of Non-Executive Director Mr Tay Teng Hock. Both Mr Tay Teng Guan Arthur and Mr Tay Teng Hock are substantial shareholders of SUTL Global Pte Ltd which owns 54.80% of SUTL Enterprise Limited.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr Tay Kuan Wee Alex joined the SUTL Global Group of Companies in 2011 after graduation and held various positions within the SUTL Global Group. Before this re-designation, he was Special Assistant to the CEO overseeing business development from Febuary 2015 till February 2016.
Shareholding interest in the listed issuer and its subsidiaries?
No
# 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)
None
Present
None
(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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not Applicable