Change - Announcement of Cessation::Cessation of Executive Officer

Issuer & Securities

Issuer/ Manager
TIONG SENG HOLDINGS LIMITED
Securities
TIONG SENG HOLDINGS LIMITED - SG1BH4000005 - BFI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jul-2020 07:59:27
Status
New
Announcement Sub Title
Cessation of Executive Officer
Announcement Reference
SG200728OTHRMLSR
Submitted By (Co./ Ind. Name)
Ong Lay Khiam
Designation
Non-executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Pay Teow Heng as Executive Officer - Project Director.

Additional Details

Name Of Person
Pay Teow Heng
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2020
Detailed Reason (s) for cessation
Decision to relinquish his position as Project Director is made in view of the announcement made on 24 July 2020.
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?
Yes
If Yes, Please provide full details
Please refer to the Company's announcement dated 24 July 2020 and 16 September 2019.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
03/02/1998
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Project Director
Role and responsibilities
Responsible for tendering for projects and oversees various types of construction projects that the Company undertakes in Singapore.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cousin of Pek Lian Guan (CEO and Executive Director of the Company and Executive Director of its principal subsidiaries);
Cousin Pay Sim Tee (Executive Director of the Company and its principal subsidiaries);
Cousin of Pek Dien Kee (Director of principal subsidiaries);
Uncle of Ong Chun Tiong (Director of principal subsidiaries in PRC);
Uncle of Pek Zhi Kai (Director of principal subsidiary in Singapore);
Director and shareholder of Peck Tiong Choon (Private) Limited (substantial shareholders).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interests in 500,000 ordinary shares of the Company
Past (for the last 5 years)
NIL
Present
Jet-Scan Private Limited
Tiong Seng Civil Engineering (Private) Limited
Tiong Seng Contractors (Private) Limited
Tiong Seng Contractors (Myanmar) Co., Ltd.
TSC Contractors (PNG) Limited
TSC Innovative Builder Pte. Ltd.
Yuan Ching Development Pte. Ltd.
Robin Village Development Pte. Ltd.
GRV Pte. Ltd.