Change - Announcement of Appointment::Appointment of Head, Purchasing of a Principal Subsidiary

Issuer & Securities

Issuer/ Manager
RAFFLES UNITED HOLDINGS LTD.
Securities
RAFFLES UNITED HOLDINGS LTD. - SG1C10012922 - K22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Aug-2015 17:44:45
Status
New
Announcement Sub Title
Appointment of Head, Purchasing of a Principal Subsidiary
Announcement Reference
SG150824OTHR7Y4W
Submitted By (Co./ Ind. Name)
Teh Geok Koon
Designation
Executive Director cum Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Kwek San San as Head, Purchasing of its wholly-owned subsidiary, Kian Ho Pte Ltd.

Ms Kwek San San is the daughter of Mr Kwek Che Yong, deemed substantial shareholder of the Company.

Additional Details

Date Of Appointment
24/08/2015
Name Of Person
Kwek San San
Age
45
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board and Remuneration Committee assessed and considered the age, track record, experience and capabilities of Ms Kwek and concurred with management's proposal on her appointment as Head, Purchasing of its wholly-owned subsidiary, Kian Ho Pte Ltd ("KHPL") with effect from 24 August 2015.

The Board expects KHPL to become a principal subsidiary by the end of 2015.
Whether appointment is executive, and if so, the area of responsibility
Executive. Ms Kwek has been the Purchasing Manager of the Company since 2007 and is responsible for the requisition of goods. Following the transfer of bearings and seals operations to KHPL in October 2014, Ms Kwek was transferred to KHPL accordingly and oversees the overall purchasing department.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head, Purchasing
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Daughter of Mr Kwek Che Yong, deemed substantial shareholder of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1. About 2000 to 2007: Purchasing Assistant Manager of Raffles United Holdings Ltd, previously known as Kian Ho Bearings Ltd
2. 2007 to Oct 2014: Purchasing Manager of Raffles United Holdings Ltd
3. Oct 2014 to Present: Purchasing Manager of KHPL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
0.12% deemed interest in the Company through OCBC Nominees Singapore.
# 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
Nil
(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
Not Applicable