Change - Announcement of Cessation::Cessation of Joint Managing Director

Issuer & Securities

Issuer/ Manager
VIBROPOWER CORPORATION LIMITED
Securities
VIBROPOWER CORPORATION LIMITED - SG1J10885650 - 535
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jan-2015 17:44:24
Status
New
Announcement Sub Title
Cessation of Joint Managing Director
Announcement Reference
SG150112OTHRRNSA
Submitted By (Co./ Ind. Name)
Benedict Chen Onn Meng
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of VibroPower Corporation Limited (the Company) wishes to announce that Mr Kang Beng Chiang (Mr Kang) shall step down as the Joint Managing Director of the Company with effect from 12 January 2015. Mr Kang will remain as an Executive Director and a member of the Audit Committee.

Additional Details

Name Of Person
Kang Beng Chiang
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
12/01/2015
Detailed Reason (s) for cessation
Part of succession planning
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
22/08/2000
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)
2
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.)
Executive Director and AC Member
Role and responsibilities
No change in roles and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
50,100,750 shares
Past (for the last 5 years)
VibroPower Corporation Limited, VibroPower Pte. Ltd., Indamex (F.E) Pte. Ltd., VibroPower Sales and Services (S) Pte. Ltd., Scott & English Pte. Ltd., GMTM Holdings Pte Ltd, VibroPower (UK) Limited, VibroPower Generators (India) Private Limited, VibroPower Generators Middle East (FZE), VibroPower Generators Sdn Bhd, VibroPower (HK) Limited and Shanxi Weineng Coal Mine Gas Development Co., Ltd.
Present
VibroPower Corporation Limited, VibroPower Pte. Ltd., Indamex (F.E) Pte. Ltd., VibroPower Sales and Services (S) Pte. Ltd., Scott & English Pte. Ltd., GMTM Holdings Pte Ltd, VibroPower (UK) Limited, VibroPower Generators (India) Private Limited, VibroPower Generators Middle East (FZE), VibroPower Generators Sdn Bhd, VibroPower (HK) Limited and Shanxi Weineng Coal Mine Gas Development Co., Ltd.