Change - Announcement of Appointment::Appointment of Executive Chairman and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
EDITION LTD.
Securities
EDITION LTD. - SG1S42927578 - 5HG

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
21-Jul-2014 21:37:10
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Chief Executive Officer
Announcement Reference
SG140721OTHRQ29A
Submitted By (Co./ Ind. Name)
Lee Jei Hoon
Designation
Executive Director/Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Chairman and Chief Executive Officer.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Company's Sponsor is Ms. Alicia Kwan at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542, telephone (65) 6221 5590.

Additional Details

Date Of Appointment
21/07/2014
Name Of Person
Ong Boon Chuan
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment is pursuant to the completion of the placement of new ordinary shares in Edition Ltd. (the "Company") to B&L Group Pte. Ltd., which was approved by the shareholders at the Extraordinary General Meeting, held on 16 July 2014. Shareholders approval has been obtained at the Extraordinary General Meeting in relation to Mr Ong Boon Chuan's appointment as an Executive Director of the Company.

Please also refer to section 12 of the circular dated 24 June 2014 attached with this announcement for further information on Mr Ong Boon Chuan.
Whether appointment is executive, and if so, the area of responsibility
Yes. Mr Ong Boon Chuan is responsible for the overall business operations and management of the Group's property development business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer.
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)
Please refer to section 12.3 of the circular dated 24 June 2014 attached with this announcement for information on the deed of non-competition undertaking provided by Mr Ong Boon Chuan to the Company.
Working experience and occupation(s) during the past 10 years
1987 to present: Managing director of TG Development Pte. Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Ong Boon Chuan is deemed interest in 195,000,000 ordinary shares of the Company held by B&L Group Pte. Ltd., representing approximately 52.4% in the issued and paid-up share capital of the Company (excluding treasury shares).
Other Directorships
# 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)
Please refer to list of past directorships attached with this announcement.
Present
Please refer to the list of present directorships attached with this announcement.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If Yes, Please provide full details
Mr Ong Boon Chuan does not have experience as a director of a public listed company in Singapore but has undertaken the relevant training in Singapore to familiarise himself with the rules and responsibilities of a director of a public listed company in Singapore.

Attachments

OBC directorships.pdf
OniontechCircular.Section 12.pdf
Total size =81K