Change - Announcement of Cessation::Retirement of Non-Executive Chairman and Non-Executive Director

Issuer & Securities

Issuer/ Manager
SAMKO TIMBER LIMITED
Securities
SAMKO TIMBER LIMITED - SG1W64939547 - E6R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2016 18:06:13
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Non-Executive Director
Announcement Reference
SG160422OTHR96IF
Submitted By (Co./ Ind. Name)
Aris Sunarko @ Ko Tji Kim
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Koh Boon Hong as Non-Executive Chairman and Non-Executive Director of the Company

Additional Details

Name Of Person
Koh Boon Hong
Age
81
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2016
Detailed Reason (s) for cessation
Retirement
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
30/08/2007
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Non-Executive Director
Role and responsibilities
Non-Executive. Mr Koh Boon Hong is the founder of the Group since 1978.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Aris Sunarko @ Ko Tji Kim, Executive Director and Chief Executive Officer of the Company, is the son of Mr Koh Boon Hong.

Mr Koh Tji Kiong @ Amir Sunarko, Non-Independent and Non-Executive Director of the Company and substantial shareholder of the Company, is the son of Mr Koh Boon Hong.

Koh Tji Beng @ Ambran Sunarko, substantial shareholder of the Company, is the son of Mr Koh Boon Hong.

Cindy Sunarko, substantial shareholder of the Company, is the granddaughter of Mr Koh Boon Hong.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1) Mr Koh Boon Hong has 12,804,000 shares of the Company. 2) Mr Koh Boon Hong is deemed to be interested in the 4,400,000 shares held by his spouse, See Kim Hua. 3) Mr Koh Boon Hong is deemded to be interest by virtue of Section 7 of the Companies Act, Cap. 50, in the following shares:-
a) 5,657,000 shares held by Noah Shipping Pte Ltd; and
b) 33,846,346 shares held by Hasan Holdings Pte Ltd.
Past (for the last 5 years)
NIL
Present
Hasan Holding Pte Ltd
Noah Shipping Pte Ltd
Sunarko Holding Pte Ltd
Jaris Global Pte Ltd