Change - Announcement of Appointment::Appointment of Chief Corporate Development Officer of mm2 Asia Ltd. and CEO of mm Connect Pte. Ltd.

Issuer & Securities

Issuer/ Manager
MM2 ASIA LTD.
Securities
MM2 ASIA LTD. - SG1DC0000006 - 1B0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Dec-2017 18:21:41
Status
New
Announcement Sub Title
Appointment of Chief Corporate Development Officer of mm2 Asia Ltd. and CEO of mm Connect Pte. Ltd.
Announcement Reference
SG171226OTHRXZQ2
Submitted By (Co./ Ind. Name)
Melvin Ang Wee Chye
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Corporate Development Officer of mm2 Asia Ltd. and Chief Executive Officer of mm Connect Pte. Ltd.

Additional Details

Date Of Appointment
26/12/2017
Name Of Person
Ong Hock Seng
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr. Ong Hock Seng ( "Mr. Ong") as the Chief Corporate Development Officer of mm2 Asia Ltd. ("mm2 Asia") and Chief Executive Officer of mm Connect Pte. Ltd. ("mm Connect") was duly reviewed by the Company's Board of Directors (the "Board").

The Board is of the view that Mr. Ong's qualifications and working experience will drive and expand the Group's business. The Board has approved Mr. Ong's appointment.
Whether appointment is executive, and if so, the area of responsibility
Executive.

As Chief Corporate Development Officer of mm2 Asia, Mr. Ong is responsible for the Group's corporate development strategy.

As Chief Executive Officer of mm Connect, Mr. Ong is responsible for the Group's cinema business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Corporate Development Officer of mm2 Asia Ltd. and Chief Executive Officer of mm Connect Pte. Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
A graduate of Wharton School at the University of Pennsylvania, an elite Ivy-league institution based in the United States, Mr. Ong has illustrious and extensive debt-and-equity capital markets experience, spanning Hong Kong, Malaysia, Thailand, Vietnam and China. He has over 23 years of working experience in investment banking and corporate finance, many of those at strategic-levels.

The notable transactions that he was instrumental in include:
- Advised the Electricity Generating Authority of Thailand on the US$4 billion Independent Power Producer program (Stage I) in Thailand;
- Inaugural offering of Tenaga Nasional Berhad's US$600 million Yankee Bonds;
- The restructuring of Time Engineering Berhad's US$250 million zero-coupon Redeemable Secured Bonds; and
- The restructuring of Sunway Holding Berhad's US$110 million 1.25% Convertible Bonds

Between 2005 and 2009, Mr. Ong was the Chief Financial Officer for the US-Listed company, Shine Media, a Special Purpose Acquisition Vehicle (SPAC) focused on acquiring media companies in Mainland China. Since 2002, he has been
engaged in private consultancy and private equity activities. Prior to his appointment, Mr. Ong had been providing consultancy services to the Group for more than 18 months.
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?
No
# 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)
NIL
Present
Cathay Cineplexes Pte. Ltd.
mm Connect Pte. Ltd.
mm Plus Pte. Ltd.
Carnegie International Associates Limited
(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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N/A