Change - Announcement of Cessation::Retirement of Mr Ng Tiak Soon as an Independent Director

Issuer & Securities

Issuer/ Manager
PARKSON RETAIL ASIA LIMITED
Securities
PARKSON RETAIL ASIA LIMITED - SG2D81975377 - O9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2020 17:37:57
Status
New
Announcement Sub Title
Retirement of Mr Ng Tiak Soon as an Independent Director
Announcement Reference
SG201030OTHRQBS1
Submitted By (Co./ Ind. Name)
Tan Sri William Cheng Heng Jem
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ng Tiak Soon as an Independent Director.

Additional Details

Name Of Person
Ng Tiak Soon
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2020
Detailed Reason (s) for cessation
Mr Ng retired at the Company's Annual General Meeting held on 30 October 2020. He did not seek for re-election.
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
01/09/2017
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
0
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.)
Independent Director, Chairman of Audit Committee and a member of the Remuneration Committee.
Role and responsibilities
Roles and responsibilities of Independent Director, Chairman of Audit Committee and a member of the Remuneration Committee.
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)
1. St. James Holdings Ltd
2. MDR Limited
3. 800 Super Holdings Limited (delisted in August 2019)
Present
1. Eurosports Global Limited
2. Kinergy Corporation Ltd
3. P J Consultants Pte. Ltd.
4. JurongHealth Fund