Change - Announcement of Cessation::Cessation as Managing Director of Kim Heng Shipbuilding & Engineering Pte Ltd
Issuer & Securities
KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
KIMHENG OFFSHORE&MARINE HLDLTD - SG2G57000009 - 5G2
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Managing Director of Kim Heng Shipbuilding & Engineering Pte Ltd
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Executive Chairman & CEO
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 (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Alice Ng, Director and Head of Continuing Sponsorship, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
Name Of Person
Chang Boon Kong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other personal interest.
The Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. after having interviewed Mr. Chang, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chang as the Managing Director of Kim Heng Shipbuilding & Engineering Pte Ltd ("KHSE").
The role and responsibilities of the Managing Director of KHSE will be jointly undertaken by Mr. Tan Keng Siong Thomas (Executive Chairman & Chief Executive Officer) and Ms. Yeo Seh Hong (Executive Director & Chief Operating Officer). The Board of Directors of the Company is of the view that there will be continued smooth functioning of the Group subsequent to Mr. Chang's cessation as the Managing Director of KHSE.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of KHSE, a wholly-owned subsidiary of the Company.
Role and responsibilities
Development and implementation of marketing and operation goals as well as corporate long term strategic goals of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
100,000 Shares in Kim Heng Offshore & Marine Holdings Limited
Past (for the last 5 years)
Director of Wison Offshore & Marine (Singapore) Pte Ltd