Change - Announcement of Cessation::Cessation of General Manager-Marine and Support Services
Issuer & Securities
KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
KIMHENG OFFSHORE&MARINE HLDLTD - SG2G57000009 - 5G2
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of General Manager-Marine and Support Services
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Executive Chairman & CEO
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 (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
The 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 Sponsor is Ms Soo Hsin Yu, Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other personal interest.
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Ms Chen, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Chen.
The Board of Directors of the Company is of the view that there will be continued smooth functioning of the Group subsequent to the cessation.
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.)
General Manager - Marine and Support Services
Role and responsibilities
Marketing and operations for vessel movements, rental, sale and purchase of maritime and offshore equipments and assisting in marine and logistics operations within the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Niece of Mr Tan Keng Siong Thomas, the Executive Chairman, CEO and substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
4,125,000 Shares in Kim Heng Offshore & Marine Holdings Limited
Past (for the last 5 years)
- Kim Heng Marine & Oilfield Pte Ltd*
- Kim Heng Maritime Pte Ltd*
- Kim Heng Shipbuilding & Engineering Pte Ltd*
- TSKH Pte Ltd
- TSKI Pte Ltd
* Ms Chen will be stepping down as director of the above subsidiaries of the Group.