Change - Announcement of Appointment::APPOINTMENT OF DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
CHIP ENG SENG CORPORATION LTD.
Securities
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
CHIPENGSENG S$150M4.25%N171017 - SG6TF0000004 - 18QB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jan-2016 18:26:27
Status
New
Announcement Sub Title
APPOINTMENT OF DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160128OTHRYIGN
Submitted By (Co./ Ind. Name)
HOON TAI MENG
Designation
GROUP CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Date Of Appointment
01/02/2016
Name Of Person
CHIA LEE MENG RAYMOND
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The nominating committee and remuneration committee of the Company have on 13 January 2016 reviewed the qualifications and experience of Mr Raymond Chia and recommended to the Board his appointment as Director and Group Chief Executive Officer with effect from 1 February 2016.

The Board has accepted the nomination and approved his appointment as Director and Group Chief Executive Officer with effect from 1 February 2016.
Whether appointment is executive, and if so, the area of responsibility
Executive.

The primary role of the Group Chief Executive Officer is to effectively manage and supervise the day-to-day business operations of the Group in accordance with the strategies, policies, budgets and business plans approved by the Board.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Group Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chia is the son-in-law of Mr Lim Tiam Seng,the Executive Chairman
and a substantial shareholder of the Company.

Mr Chia is the nephew-in-law of Mr Lim Tiang Chuan,the Executive
Deputy Chairman and a substantial shareholder of the Company

Mr Chia is the brother-in-law of Ms Dawn Lim Sock Kiang,an Executive
Director of the Company.

Mr Chia is the husband of Ms Judy Lim SockJoo,a Director of CEL
Development Pte. Ltd.

Mr Chia is the nephew-in-law of Mr Lim Tian Back,a Director of Chip Eng
Seng Contractors (1988)Pte. Ltd., Evervit Development Pte. Ltd. and
CES Engineering and Construction Pte. Ltd.

Mr Chia is the nephew-in-law of Mr Lim Tian Moh,a Director of CES-
Precast Pte. Ltd. and Chip Eng Seng Contractors (1988)Pte. Ltd.
Conflict of interests (including any competing business)
Mr Raymond Chia currently holds an effective interest of 40% of the shareholding in LGB Corporation Pte. Ltd., which, together with its subsidiaries (the "LGB Group") is also in the property development business.

The Company has entered into a non-binding letter of intent with Mr. Chia Lee Meng Raymond, for the purposes of evaluating and entering into discussion for the proposed acquisitions of all or part of the business of the LGB Group including its two projects in Adelaide, Australia. For further details please refer to our separate announcement released today.

Pending the completion of the proposed acquisition, or if the proposed acquisition does not materialise, the Company will allow Mr Raymond Chia to continue remaining a passive shareholder of LGB Corporation Pte Ltd on the basis that the LGB Group will not engage in any further property development projects. The Board is of the opinion that allowing Mr Raymond Chia to remain a passive shareholder of LGB Corporation Pte Ltd will not compete with the businesses of the Company and its group, nor will it impede the performance by Mr Raymond Chia of his duties as Group Chief Executive Officer.
Working experience and occupation(s) during the past 10 years
July 2006 - Managing Director of the property developement division of Chip Eng Seng Corporation Ltd
June 2007 Group Chief Executive Officer of Chip Eng Seng Corporation Ltd
January 2013 - Executive Deputy Chairman of Chip Eng Seng Corporation Ltd
April 2015 - Chief Executive Officer of LGB Corporation Pte Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 6,125,000 ordinary shares and deemed interest in
19,702,000 ordinary shares in Chip Eng Seng Corporation Ltd.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Please see attached.
Present
Please see attached.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Chip Eng Seng Corporation Ltd.

Attachments