Change - Announcement of Cessation::Resignation of Chief Financial Officer of KS Distribution Pte Ltd

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2015 17:17:04
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer of KS Distribution Pte Ltd
Announcement Reference
SG150422OTHRP4G2
Submitted By (Co./ Ind. Name)
Caroline Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Chua Wui Lik, Eddie as Chief Financial Officer ("CFO") of KS Distribution Pte Ltd, a 55%-owned entity of KS Energy Limited.

Additional Details

Name Of Person
Chua Wui Lik, Eddie
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
10/05/2015
Detailed Reason (s) for cessation
To pursue personal interests.
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
01/07/2010
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)
5
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.)
CFO of KS Distribution Pte Ltd
Role and responsibilities
Mr Chua is responsible for the financial management and reporting, treasury management and information technology matters for the KSD Group of companies.
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
120,003 Shares of the issuer
Past (for the last 5 years)
1. IHSQUARE PTE LTD
2. SSH-PHOCEENNE JV PTE LTD
3. KS DISTRIBUTION (MALAYSIA) SDN BHD
4. KS DISTRIBUTION (THAILAND) LIMITED
5. AMSPEED PTE LTD
Present
1. SSH CORPORATION LTD
2. INDO SYNERGY PTE LTD
3. FISCHER ENGINEERING PTE LTD
4. GLOBALTECH OFFSHORE & MARINE PTE LTD
5. SIN SOON HUAT INTERNATIONAL TRADING PTE LTD (IN STRIKING OFF PROCESS)
6. SSH CORPORATION (PNG) PTE LTD (IN STRIKING OFF PROCESS)
7. DALIAN F.T.Z. SIN SOON HUAT INTERNATIONAL TRADE
8. KS EQUIPMENT (SHANGHAI) LTD
9. RAYMOND SUPPLY (SHANGHAI) CO LTD
10. AQUA-TERRA SUPPLY (TIANJIN) OILFIELD EQUIPMENT TRADING CO LTD
11. RAYMOND SUPPLY (SHENZHEN) CO LTD
12. SURE LINK LOGISTICS (SHENZHEN) CO., LIMITED