Change - Announcement of Cessation::Cessation of Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
BRC ASIA LIMITED
Securities
BRC ASIA LIMITED - SG1BG3000008 - BEC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Nov-2017 20:26:23
Status
New
Announcement Sub Title
Cessation of Non-Executive Chairman
Announcement Reference
SG171128OTHR5P1V
Submitted By (Co./ Ind. Name)
Lee Chun Fun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Chairman

Additional Details

Name Of Person
Sia Ling Sing
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2017
Detailed Reason (s) for cessation
Sale of shareholding interest in 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
09/02/2009
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman
Role and responsibilities
Lead the Board. Ensure effective communication with shareholders and facilities effect contributions from the Non-Executive Director and also responsible for promoting and maintaining high standards of corporate governance.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Seah Kiin Peng, nephew of Sia Ling Sing, is an Executive Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Kim Leong Development Pte Ltd
Present
EE Hoe Hean Club
Lingco Marine Pte. Ltd.
Lingco Marine Services Pte Ltd
Lingcotug Pte. Ltd.
Lingco Shipbuilding Pte Ltd
Lingco Holdings Pte Ltd