Change - Announcement of Cessation::Resignation of Head of Investor Relations, Compliance and Risk Management
Issuer & Securities
Issuer/ Manager
SASSEUR ASSET MANAGEMENT PTE. LTD.
Securities
SASSEUR REIT - SG1ED2000000 - CRPU
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Apr-2019 17:49:32
Status
New
Announcement Sub Title
Resignation of Head of Investor Relations, Compliance and Risk Management
Announcement Reference
SG190404OTHRZG85
Submitted By (Co./ Ind. Name)
Anthony Ang Meng Huat
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Head of Investor Relations, Compliance and Risk Management
Sponsorship Statement:
DBS Bank Ltd. was the sole financial adviser and issue manager for the initial public offering of Sasseur REIT (the "Offering"). DBS Bank Ltd. and Bank of China Limited, Singapore Branch were the joint global coordinators to the Offering. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters to the Offering.
Additional Details
Name Of Person
Chen Zhen
Age
41
Is effective date of cessation known?
Yes
If yes, please provide the date
04/04/2019
Detailed Reason (s) for cessation
To pursue other personal interests.
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
21/12/2017
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Investor Relations, Compliance and Risk Management
Role and responsibilities
Responsible for facilitating communications and liaising with the Unitholders. This includes producing annual reports to the Unitholders and ensuring compliance by Sasseur Real Estate Investment Trust ("Sasseur REIT") with the reporting requirements under the Listing Manual and the law. He is also responsible for maintaining continuous disclosure and transparent communications with the Unitholders and the market. He also works with the other members of the management team of Sasseur Asset Management Pte. Ltd. as manager of Sasseur REIT to develop and maintain the risk management processes of Sasseur REIT.
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
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