Change - Announcement of Appointment::RE-DESIGNATION AS CHIEF INVESTMENT OFFICER OF HEALTH MANAGEMENT INTERNATIONAL LTD

Issuer & Securities

Issuer/ Manager
HEALTH MANAGEMENT INTERNATIONAL LTD
Securities
HEALTH MANAGEMENT INTL LTD - SG1H18874567 - 588
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Feb-2019 18:18:22
Status
New
Announcement Sub Title
RE-DESIGNATION AS CHIEF INVESTMENT OFFICER OF HEALTH MANAGEMENT INTERNATIONAL LTD
Announcement Reference
SG190228OTHRVMOL
Submitted By (Co./ Ind. Name)
Dr Gan See Khem
Designation
Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Please see below.

Additional Details

Date Of Appointment
01/03/2019
Name Of Person
Chin Wei Yao
Age
37
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/10/2018
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of the Company has reviewed the Nominating Committee's recommendation and the qualification, experience and suitability of Mr Chin Wei Yao and accordingly, the Board has approved the re-designation of Mr Chin Wei Yao as Chief Investment Officer of the Company.

Mr Chin Wei Yao remains as an Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is an executive position.

Mr Chin Wei Yao is responsible for driving the regional growth initiatives of the Group's healthcare services business through investments, new partnerships and acquisitions.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Investment Officer
Professional qualifications
Affiliate member of the Association of Chartered Certified Accountants

Bachelor of Arts (summa cum laude) in Economics (Honours), New York University, USA
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chin Wei Yao is the son of Dr Gan See Khem (Executive Chairman, Managing Director and Substantial Shareholder of the Company) and Dr Chin Koy Nam (Substantial Shareholder of the Company). He is also the brother of Ms Chin Wei Jia (Executive Director and Group Chief Executive Officer of the Company).
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
October 2015 to Current Date
Executive Director
Health Management International Ltd

October 2016 to February 2019
Group Chief Financial Officer
Health Management International Ltd

April 2015 to Sept 2016
Director, Finance & Corporate Development
Health Management International Ltd

2013 - 2014
Associate Director, Private Equity
KV Asia Capital

2012 - 2013
Business Consultant
Health Management International Ltd

2009 - 2012
Vice President, Strategic Corporate Finance
Sindicatum Sustainable Resources Group
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chin Wei Yao has a direct interest in 2,265,718 ordinary shares of the Company and a share award comprising up to 840,000 shares in the Company under HMI Performance Share Plan 2017.
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
The DRX Group Pte. Ltd., Set In Stone Gallery Pte. Ltd.
Present
Mahkota Medical Centre Sdn Bhd, Mahkota Medical Group Sdn Bhd, Regency Specialist Hospital Sdn Bhd, Regency Medical Centre (Seri Alam) Sdn Bhd, Nam See Investment (Pte) Ltd.
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
He is currently an Executive Director of Health Management International Ltd