Change - Announcement of Cessation::CESSATION OF CHIEF FINANCIAL OFFICER
Issuer & Securities
SINGHAIYI GROUP LTD.
SINGHAIYI GROUP LTD. - SG2G73000009 - 5H0
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF CHIEF FINANCIAL OFFICER
Submitted By (Co./ Ind. Name)
Chen Huaidan @ Celine Tang
Group Managing Director
Description (Please provide a detailed description of the event in the box below)
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 Exchange. The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the Exchange and the Exchange 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 Sponsor is Mr Ong Hwee Li (Telephone No. 6532 3829) at 1 Robinson Road #21-02 AIA Tower, Singapore 048542.
Name Of Person
NG KHENG CHOO
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Ng Kheng Choo will cease from the position of Chief Financial Officer of the Company upon the appointment of the new Chief Financial Officer, Mr Tay Eng Kiat, Jackson with effect from 2 February 2015. Ms Ng is currently the Group Chief Operating Officer of the Company with effect from 16 July 2014.
The Company's sponsor, SAC Capital Private Limited, has contacted Ms Ng and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for her cessation.
In addition, there are no concerns in regard to financial reporting that led to the cessation of Ms Ng and there has not been any disagreement with regard to practices that will have an impact on the Company's financial reporting.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Oversee the corporate, commercial and financial activities of the group and ensure compliance with statutory requirements.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
VIT Consultancy Pte Ltd, ISOTeam Ltd, Anchorvale Residences Pte Ltd, Charlton Residences Pte Ltd, Corporate Residence Pte Ltd, Perennial Somerset Investors Pte Ltd, Phoenix Real Estate Pte Ltd, SingHaiyi TripleOne Pte Ltd, SingXpress Capital Pte Ltd, SingXpress Kaylim Pte Ltd, SingXpress Land (Pasir Ris) Pte Ltd, SingXpress Property Development Pte Ltd, Tampines EC Pte Ltd, SingHaiyi Properties (Hungary) Kft, Tri-County Mall LLC and Ocean Landing Property Management LLC, Phoenix 99 Pte. Ltd.