Change - Announcement of Cessation::RESIGNATION AS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
LERENO BIO-CHEM LTD.
Securities
LERENOBIO-CHEM - SGXE61141383 - XCF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Feb-2019 11:38:06
Status
New
Announcement Sub Title
RESIGNATION AS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG190218OTHRFP90
Submitted By (Co./ Ind. Name)
Lim Vhe Kai
Designation
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, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange").

The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange 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. Alicia Sun (Telephone: 65-6232 3210) at 1 Robinson Road, #21- 00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Ong Puay Koon
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
18/02/2019
Detailed Reason (s) for cessation
Pursuant to the re-constitution of the composition of the board of directors of the Company following the completion of the Proposed Acquisition in accordance with the Option Agreement.
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
20/06/2002
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director and Chief Executive Officer as well as a member of Risk Management Committee
Role and responsibilities
Duties and responsibilities as a Managing Director and Chief Executive Officer as well as a member of Risk Management Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ong Puay Koon is the father of Mr Ong Choon Lui and Ms Ong Ai Koon.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Interests in the Company:

1. Direct Interest: 64,862 ordinary shares
2. Deemed Interest: 973,365 ordinary shares
Past (for the last 5 years)
1) Ong Puay Koon Holdings Sdn Bhd
2) Sinomae Engineering Sdn Bhd
3) AGW Realty Sdn Bhd
Present
1) Bintai Kinden Corporation Berhad
2) Bintai Integrated Engineering & Construction Sdn Bhd
3) Optimal Property Management Sdn Bhd
4) EGames Global Sdn Bhd
5) LBC Estate Holdings Sdn Bhd
6) Terra E-Games (M) Sdn Bhd