Change - Announcement of Cessation::Resignation of Chief Executive Officer of Serial Multivision Pte Ltd

Issuer & Securities

Issuer/ Manager
SERIAL SYSTEM LTD
Securities
SERIAL SYSTEM LTD - SG1E36851343 - S69

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2014 18:29:10
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer of Serial Multivision Pte Ltd
Announcement Reference
SG140725OTHRQG6V
Submitted By (Co./ Ind. Name)
Wui Heck Koon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Choo Luke Chin as Chief Executive Officer of Serial Mutlivision Pte Ltd, a 65% owned subsidiary of the Group. Choo Luke Chin is a partner of VMS+ LLP, which owns 35% shareholding in Serial Multivision Pte Ltd

Additional Details

Name Of Person
Choo Luke Chin
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2014
Detailed Reason (s) for cessation
To pursue other career opportunities.

Other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Choo Luke Chin as Chief Executive Officer of Serial Multivision Pte Ltd
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
23/11/2009
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Chief Executive Officer of Serial Mutlivision Pte Ltd, a 65% owned subsidiary of the Group
Role and responsibilities
Responsible for day-to-day operations and business management of Serial Multivision Pte Ltd
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Choo Luke Chin is Brother-in-law of the wife of Dr. Derek Goh Bak Heng, Executive Chairman and Group CEO of Serial System Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Choo Luke Chin is a partner of VMS+ LLP, which owns 35% shareholding in Serial Multivision Pte Ltd
Past (for the last 5 years)
Director and Chief Executive Officer of Serial Multivision Pte Ltd
Present
Director of Serial Multivision Pte Ltd