Change - Announcement of Appointment::Appointment of Dato' Ng Tian Sang as Non-Executive Director and Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
JCG INVESTMENT HOLDINGS LTD.
Securities
JCG INVESTMENT HOLDINGS LTD. - SGXE87511171 - VFP
JCG W201029 - SGXN50015746 - W4QW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Nov-2019 20:56:46
Status
New
Announcement Sub Title
Appointment of Dato' Ng Tian Sang as Non-Executive Director and Non-Executive Chairman
Announcement Reference
SG191129OTHRZ5BL
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
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, Stamford Corporate Services Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGXST") 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 Vanessa Ng (Telephone: +65 6389 3065 and Email: vanessa.ng@morganlewis.com).

Additional Details

Date Of Appointment
29/11/2019
Name Of Person
Ng Tian Sang
Age
72
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of the Company, having reviewed and considered the Nominating Committee's assessment of Dato' Ng Tian Sang's qualifications and work experience, is of the view that Dato' Ng Tian Sang possesses the requisite experience and capabilities to assume the responsibilities as a Non-Executive Director and Non-Executive Chairman of the Company.

He is considered non-independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Non-Executive Chairman
Professional qualifications
- Malaysian Institute of Accountants (MIA)
- Certified Public Accountant (CPA)
- Member of Australian Institute of Company Directors (AICD)
- International Honorary President of Western Australia Chinese Chamber of Commerce (WACCC)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Father of the incoming Executive Director of the Company, Mr Howard Ng How Er.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2016 - Present
- Executive Chairman, Beverly Wilshire Medical Centre Sdn Bhd
- Executive Chairman, Beverly Wilshire Medical Centre (JB) Sdn Bhd
- Executive Chairman, Beverly Wilshire Tropicana City Mall Sdn Bhd
- Executive Chairman, Beverly Wilshire Academy and Research Centre Sdn Bhd
- Executive Chairman, Beverly Wilshire Hair Transplant Sdn Bhd

2011 - 2015
Senior Independent Non-Executive Director and Chairman of various committees including Audit, Risk Management and Remuneration Committee, Tropicana Corporation Bhd.

2006 - 2010
Executive Deputy Chairman, Midwest Corporation Ltd
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Please refer to Appendix A.
# 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)
Tropicana Corporation Bhd.
Fortune Star Vision Sdn Bhd
Glory Green Sdn Bhd
Global Synergy Avenue Sdn Bhd
Index Vibrant Sdn Bhd
Tropicana Danga Senibong Holding Sdn Bhd*
Tropicana Danga Senibong Sdn Bhd
Lido Waterfront Boulevard Sdn Bhd
Demi Hasrat Sdn Bhd
Enhance Benefits Sdn Bhd
Advantage Summer Sdn Bhd

*Ng Tian Sang was previously or is currently a director in the above-mentioned entities which are in the process of winding up. He confirms that the above companies were solvent immediately prior to the commencement of their winding up proceedings.
Present
Beverly Wilshire Medical Centre Sdn Bhd
Beverly Wilshire Medical Centre (JB) Sdn Bhd
Beverly Wilshire Tropicana City Mall Sdn Bhd
Beverly Wilshire Medical Academy and Research Centre Sdn Bhd
Beverly Wilshire Hair Transplant Sdn Bhd
Beverly Wilshire Cosmetic Surgery Centre Sdn Bhd
Beverly Medical Centre Sdn Bhd
Beverly Bangsar Sdn Bhd
Datong Garment Corporation Sdn Bhd
Kempas Land Sdn Bhd*
Suasana Metro Sdn Bhd
Tunjang Kapital Sdn Bhd
Wealthy Acorn Sdn Bhd
Datong Business Management Sdn Bhd*
Datong Berhad

*Ng Tian Sang was previously or is currently a director in the above-mentioned entities which are in the process of winding up. He confirms that the above companies were solvent immediately prior to the commencement of their winding up proceedings.
(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 an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Yes, Dato' Ng Tian Sang will be attending the necessary training.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.

Attachments

Appendix A_Dato Ng.pdf
Total size =6K