Change - Announcement of Cessation::Announcement of Cessation of Non-Independent and Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
HG METAL MANUFACTURING LIMITED
Securities
HG METAL MANUFACTURING LTD - SG1CH7000000 - BTG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Sep-2017 20:39:36
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Independent and Non-Executive Chairman
Announcement Reference
SG170913OTHRS3ZJ
Submitted By (Co./ Ind. Name)
Foo Sey Liang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please see the below.

Additional Details

Name Of Person
Tan Keng Boon
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
13/09/2017
Detailed Reason (s) for cessation
Sale of shares in HG Metal Manufacturing Ltd as advised by SEAVI Advent Investments Ltd. Mr. Tan no longer has a deemed interest in the shares in HG Metal Manufacturing Ltd in which he was represented as the director on the Board of HG Metal Manufacturing Ltd.
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
16/05/2016
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)
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.)
Non-Independent and Non-Executive Chairman, Member of Audit and Risk Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Independent and Non-Executive Chairman
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)
Please refer to the attachment - Appendix A
Present
Please refer to the attachment - Appendix A

Attachments