Change - Announcement of Cessation::Step-down of Executive Director

Issuer & Securities

Issuer/ Manager
BUKIT SEMBAWANG ESTATES LIMITED
Securities
BUKIT SEMBAWANG ESTATES LTD - SG1T88932077 - B61
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Feb-2023 19:24:07
Status
New
Announcement Sub Title
Step-down of Executive Director
Announcement Reference
SG230203OTHR89SB
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Step-down of Executive Director

Additional Details

Name Of Person
Chng Kiong Huat
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
03/02/2023
Detailed Reason (s) for cessation
In order to preserve the same level of independence for the Board, and to provide Management with sufficient resources, it has been decided that Mr. Chng Kiong Huat will step down as a Director of the company, to focus on his role as Chief Executive Officer to meet the management and operational needs of the Company in its property development business.
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
24/07/2015
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Chairman of the Project Development Committee, Executive Director
Role and responsibilities
Mr. Chng Kiong Huat is responsible for managing and overseeing the Group's business.
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?
Yes
Shareholding Details
10,000 Deemed Interest
Past (for the last 5 years)
1. FEO Hospitality Asset Management Pte. Ltd.
2. Kallang Development (Pte) Limited
3. Pulau Properties (Pte) Ltd
4. Casuarina Properties Pte Ltd
5. Adat Pertama Sdn. Bhd.
6. Amber Heights Sdn Bhd.
7. Bio East Pte. Ltd.
8. Enviro East Pte. Ltd.
9. Gunung Impian Development Sdn Bhd
10. Bukit Three Pte. Ltd.
11. Bukit Four Pte. Ltd.
12. Bukit Sembawang Estates Limited
Present
1. Singapore United Estates (Private) Limited
2. Sembawang Estates (Private) Limited
3. Bukit Sembawang View Pte. Ltd.
4. Paterson Collection Pte. Ltd.
5. Paterson One Pte. Ltd.
6. BSEL Development Pte. Ltd.
7. Bukit Sembawang Land Pte. Ltd.
8. Bukit One Pte. Ltd.
9. Bukit Two Pte. Ltd.