Change - Announcement of Cessation::Cessation of Group General Manager & Executive Vice President

Issuer & Securities

Issuer/ Manager
PACIFIC STAR DEVELOPMENT LIMITED
Securities
PACIFIC STAR DEVELOPMENT LTD - SG1DE5000007 - 1C5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2019 06:36:41
Status
New
Announcement Sub Title
Cessation of Group General Manager & Executive Vice President
Announcement Reference
SG190531OTHRMFEZ
Submitted By (Co./ Ind. Name)
Glen Chan
Designation
CEO & Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Group General Manager & Executive Vice President

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 David Yeong Kai Xiong (tel : (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Seet Li Ming Andrew
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2019
Detailed Reason (s) for cessation
Mr Seet Li Ming Andrew has resigned as Group General Manager & Executive Vice President to pursue other personal interests and career opportunities.

The Company thanks Mr Seet for his valuable contributions during his tenure of service.

Based on its enquiries, the Company's sponsor, SAC Capital Private Limited, after having interviewed Mr Seet, is satisfied that other than disclosed in the announcement, there are no other material reason for Mr Seet's resignation.
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
05/07/2018
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group General Manager & Executive Vice President
Role and responsibilities
Overseeing the business operations of the Company comprising Property Division and Non Property Division, in Singapore and any other countries that the Company shall have investments and business operations.
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)
Angullia Development Pte Ltd
Parisian Development Pte Ltd
CS Amber Development Pte Ltd
China Sonangol Land Pte Ltd
CS Land Development Pte Ltd
CS Real Estate Pte Ltd
CS Land Investment Pte Ltd
PT Astra Land Indonesia
PT Jakarta Land
PT Astra Modern Land
PT Bumi Parama Wisesa
CS Land Korea Limited
CSL Middle East Investment Limited
Present
Nil