Change - Announcement of Cessation::Change - Announcement of Cessation of Project Director

Issuer & Securities

Issuer/ Manager
ASTAKA HOLDINGS LIMITED
Securities
ASTAKA HOLDINGS LIMITED - SG1CB5000005 - 42S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Nov-2015 19:41:32
Status
New
Announcement Sub Title
Change - Announcement of Cessation of Project Director
Announcement Reference
SG151130OTHRPH98
Submitted By (Co./ Ind. Name)
Dato' Zamani Bin Kasim
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (+65) 6229 8088.

Additional Details

Name Of Person
Hanafiah Bin Mohd Fadzil
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2015
Detailed Reason (s) for cessation
To pursue other personal interests.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Hanafiah Bin Mohd Fadzil as the Project Director.
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?
Yes
If Yes, Please provide full details
Dato' Zamani, the CEO of the Company together with Kenny Low, project manager is currently overseeing the projects of Astaka Group with the project team during the absence of the project director. The Company has identified a few suitable candidates and will make the announcement as soon as the approvals received from the committees.
Date of Appointment to current position
19/11/2015
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Project Director
Role and responsibilities
Involved in overseeing APL's projects, coordinating approval from the relevant authorities and regulators, reviewing project tenders and construction management.
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?
No
Past (for the last 5 years)
NIL
Present
NIL