Change - Announcement of Cessation::Announcement of Cessation

Issuer & Securities

Issuer/ Manager
HOE LEONG CORPORATION LTD.
Securities
HOE LEONG CORPORATION LTD. - SG1S47927920 - H20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Oct-2019 17:01:35
Status
New
Announcement Sub Title
Announcement of Cessation
Announcement Reference
SG191025OTHR66U5
Submitted By (Co./ Ind. Name)
Joseph Liew
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Kuah Geok Lin as an Executive Director and Chief Executive Officer of the Company.

Additional Details

Name Of Person
Kuah Geok Lin
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2019
Detailed Reason (s) for cessation
Board Renewal.
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
18/11/1994
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Chief Executive Officer.
Role and responsibilities
Responsibilities of a Chairman, Chief Executive Officer and Member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1. Hold 15,506,617 ordinary shares in the Company;
2. Deemed to be interested in 1,589,854,677 ordinary shares of the Company held by Hoe Leong Co. (Pte.) Ltd by virtual of Section 7 of the Companies Act, Cap. 50.
Past (for the last 5 years)
1. Aries Offshore Singapore Pte. Ltd.
2. Eagle 1 Pte. Ltd.
3. Eagle 2 Pte. Ltd.
4. Eagle 3 Pte. Ltd.
Present
1. Hoe Leong Crawler Parts Pte.
Ltd.
2. Arkstar Energy Pte Ltd
3. Arkstar Voyager Pte Ltd
4. Arkstar Ship Management Pte.
Ltd.
5. Arkstar Offshore Pte. Ltd.
6. Arkstar Unicorn Pte. Ltd.
7. Arkstar Eagle 3 Pte. Ltd.
8. Semua Ship Agency and
Supplies Private Limited
9. Tracskpares (Australia) Pty Ltd
10. Trackex Pty Ltd
11. Korea Crawler Track Ltd
12. Ho Leong Tractors Sdn. Bhd.
13. Ebony Ritz Sdn Bhd
14. Semua International Sdn Bhd
15. Semua Chemical Shipping Sdn Bhd
16. Mini Tanker Chartering Sdn Bhd
17. PT Trackspare
18. Kunshan Kanto Buhin
Manufacturing Co Ltd
19. Shenyang Milequip Industry
Co., Ltd
20. Quanzhou Kanto Buhin
Machinery Manufacturing Co.,
Ltd
21. Hoe Leong Co. (Pte) Ltd.
22. Hoe Leong Metal & Machinery Pte Ltd
23. Hoe Leong Development Pte Ltd
24. HL Indo Trading Pte Ltd
25. Robin25 Pte Ltd
26. Bandarama Sdn Bhd
27. Ho Leong Precision Stamping Sdn Bhd
28. PT Sumber Bajatama
29. PT Batam General Supplier
30. Haikou Hoe Leong Machinery Co., Ltd
31. Hainan Hoe Leong Real Estate Development Co., Ltd
32. Shanghai Sinati Machinery
Limited
33. Hoe Leong Plastic Industry
(China) Ltd
34. Guizhou He Li Hydraulic
Pressure Co., Ltd
35. Yunnan Realty Pte Ltd
36. Singapore Hokkien Huay Kuan
37. The Hokkien Foundation
38. Singapore Hokkien Huay Kuan Culture Academy Pte Ltd
39. Singapore Chinese Dance
Theatre