Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN

Issuer & Securities

Issuer/ Manager
MOYA HOLDINGS ASIA LIMITED
Securities
MOYA HOLDINGS ASIA LIMITED - SG2F94994512 - 5WE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Mar-2015 18:49:26
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN
Announcement Reference
SG150317OTHR2XRY
Submitted By (Co./ Ind. Name)
Simon A. Melhem
Designation
Chief Executive Officer / Managing Director
Description (Please provide a detailed description of the event in the box below)
After having interviewed Mr Ling Yew Kong ("Mr Ling"), Canaccord Genuity Singapore Pte. Ltd. ("Sponsor") is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ling as the Non-Executive Director and Chairman which would have an adverse impact on the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the Singapore Exchange Securites Trading Limited ("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 Mr Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.

Additional Details

Name Of Person
Ling Yew Kong
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
17/03/2015
Detailed Reason (s) for cessation
Due to reconstitution of the Board and to facilitate the appointment of the two Non-Executive, Non-Independent Directors pursuant to the proposed subscription as announced on 25 February 2015.
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
06/03/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Chairman and Remuneration Committee Member
Role and responsibilities
Responsible for providing strategic guidance and charting new directions for the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,761,000 ordinary shares (deemed interest through Alphasky Group Limited) and 4,618,600 ordinary shares (deemed interest through his brother, Ling Ewe Chong)
Past (for the last 5 years)
Dowtec Pte Ltd
Communication Design International Limited
Amtrosden Assets Limited
Super Dome Pte Ltd
Solid Micron Materials Pte Ltd
Qinghai Province Salt Industry Ltd
Timbre Capital Pte Ltd
CK Biofeeds Sdn Bhd
Metronic Icares Sdn Bhd
Metronic Global Berhad
Metronic Engineering Sdn Bhd
TX Capital Pte Ltd
Moya Asia Pte Ltd
Moya Indonesia Holdings Pte Ltd
Present
Alphasky Group Limited
Cove Pacific Development Limited
CKSB Agrifeed Pte Ltd
China Sky Chemical Fibre Co., Ltd
Firstlink Capital Pte Ltd
Firstlink Energy Pte Ltd
Firstlink Investment Advisory Pte Ltd
Firstlink Investments Corporation Limited
First Myanmar Capital Pte Ltd
Glopeak Land Pte Ltd
Glopeak Properties And Hotels Pte Ltd
Global Payment Solutions Pte Ltd
Golden Rock Investments Pte Ltd
Keluarga International Pte Ltd
Ling Chai Hiong Sdn Bhd
ML Chong Sdn Bhd
Singatronics Investment Pte Ltd
Terra Pontus Pte Ltd
Pacific Star (China Holdings) Pte Ltd
Pacific Star (Greater China) Pte Ltd
Singapore International Tourism Investments Pte Ltd
GR (HK) Pte Ltd