Change - Announcement of Cessation::Resignation of Non-Executive and Non-Independent Director - Teo Hsi Leang

Issuer & Securities

Issuer/ Manager
SHC CAPITAL ASIA LIMITED
Securities
SHC CAPITAL ASIA LIMITED - SG1EB7000009 - 1H4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Dec-2017 23:41:47
Status
New
Announcement Sub Title
Resignation of Non-Executive and Non-Independent Director - Teo Hsi Leang
Announcement Reference
SG171226OTHR7AAI
Submitted By (Co./ Ind. Name)
Teo Yiam Beng Steven
Designation
Interim Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
There are 6 cessations (taking into account this cessation) and 6 new appointments of directors taking place contemporaneously.

This announcement has been prepared by the Company and its contents have been reviewed by the sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.

The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Name Of Person
Teo Hsi Leang
Age
31
Is effective date of cessation known?
Yes
If yes, please provide the date
26/12/2017
Detailed Reason (s) for cessation
Further to the circular issued to the Company's shareholders on 20 November 2017 ("Circular"), following Completion of the Proposed Transaction (both terms as defined in the Circular), Mr. Teo Hsi Leang has resigned as part of the reconstitution of the composition of the Board of Directors of the Company.

Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Teo Hsi Leang as Director of the Company.
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
01/08/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
Perform functions of Non-Executive and Non-Independent Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cousin of Mr. Teo Chiang Khai and nephew of Mr. Teo Soo Kiat and Mr. Teo Soo Chew.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Singapore
Allcare Investment Holdings Pte Ltd
Exquisite Marques Holding Pte. Ltd.
Silverbridge Financial Pte. Ltd.

Malaysia
Exquisite Marques Sdn Bhd
CHS Energy Sdn Bhd
Present
Singapore
Nanyang Holdings Pte Ltd
Sam Hiang Holdings Pte Ltd
See Hoy Chan Land Pte Ltd
See Hoy Chan Holdings Pte Ltd
See Hoy Chan Realty Pte Ltd
SHC Capital Holdings Pte Ltd
Exquisite Marques Pte. Ltd.
Veritas Business Solutions Pte. Ltd.
See Hoy Chan Industrial Pte. Ltd.
See Hoy Chan Asia Pte. Ltd.
Malaysia
Damansara Uptown Car Parks Sdn Bhd
Damansara Uptown Development Sdn Bhd
Damansara Uptown Holdings Sdn Bhd
Damansara Uptown One Sdn Bhd
Damansara Uptown Realty Sdn Bhd
Damansara Uptown Retail Centre Sdn Bhd
Damansara Uptown Seven Sdn Bhd
Damansara Uptown Two Sdn Bhd
Damansara Utama Realty Sdn Bhd
Dutamasa Sdn Bhd
Good Bearing Sdn Bhd
Master Uptown Sdn Bhd
Paramount Portfolio Sdn Bhd
Port Garden Sdn. Berhad
See Hoy Chan Sdn. Berhad
See Hoy Chan Facilities Management Sdn Bhd
See Hoy Chan Management Services Sdn Bhd
SHC Business Solutions Sdn Bhd
Uptown Eco Sdn Bhd
SHC Projects Sdn Bhd
SHC Property Services Sdn Bhd
SHC Technology Sdn Bhd
Uptown Starling Sdn Bhd
Utama Lodge Sdn Bhd