Change - Announcement of Cessation::Resignation of Executive Chairman and Managing Director

Issuer & Securities

Issuer/ Manager
STARLAND HOLDINGS LIMITED
Securities
STARLAND HOLDINGS LIMITED - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Feb-2016 23:51:41
Status
New
Announcement Sub Title
Resignation of Executive Chairman and Managing Director
Announcement Reference
SG160218OTHR89I5
Submitted By (Co./ Ind. Name)
Peng Peck Yen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Hoe San as Executive Chairman and Managing Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

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

The contact person for the Sponsor is Mr. Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 62298088.

Additional Details

Name Of Person
Tan Hoe San
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
18/02/2016
Detailed Reason (s) for cessation
Pursuant to the reconstitution of the Board of Directors of the Company following the mandatory unconditional cash offer by GRP Chongqing Land Pte. Ltd. to acquire all the issued and paid-up ordinary shares in the capital of the Company.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Tan Hoe San as the Executive Chairman and Managing Director of the Company.
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
20/10/2011
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Managing Director
Role and responsibilities
Oversee the Group's overall operations and strategic planning
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Super Vantage Investment Limited
Jumbo Equity Group Limited
Present
Xiamen Yida Trading Limited Ever Thrive International Limited