Change - Announcement of Appointment::Appointment of Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
ADVENTUS HOLDINGS LIMITED
Securities
ADVENTUS HOLDINGS LIMITED - SG1P24916816 - 5EF

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Jul-2014 18:57:35
Status
New
Announcement Sub Title
Appointment of Chairman and Executive Director
Announcement Reference
SG140725OTHRTXMH
Submitted By (Co./ Ind. Name)
Lee Bee Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Bernard Lui.
Telephone number: 6389 3000 Email: bernard.lui@stamfordlaw.com.sg

Additional Details

Date Of Appointment
25/07/2014
Name Of Person
Chin Bay Ching
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Chin Bay Ching as an Executive Director was recommended by the Nominating Committee. The Board has reviewed, assessed and concluded that Mr Chin Bay Ching possesses the requisite experience and capabilities to carry out his duties. He has been appointed based on his professional experience, extensive contacts with key players of various industries (primarily property sector) and potential contribute towards the core competencies of the Board of Directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive - Responsible for the overall strategic planning, business, management and operation of the Company and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Executive Director and member of Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Chin has an extensive career with over 25 years of experience in property development sector. He is a developer of various property development projects in Singapore, Malaysia and China. These development projects include residential housing, condominium, golf course and hotel.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
880,070,480 ordinary shares in Adventus Holdings Limited
# 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)
Please refer to Appendix A
Present
Please refer to Appendix A
(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?
Yes
If Yes, Please provide full details
I was disqualified from acting as a director under section 155 of the Singapore Companies Act from 1 November 2001 to 31 October 2006. The disqualification was due to failure to cause certain companies for which I was a director of to file annual accounts and annual returns.
(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 a listed company?
Yes
If Yes, Please provide full details
Mr. Chin Bay Ching was Executive Director in Apollo Enterprises Ltd, a public listed company, in Singapore. He was involved in the running of the hotel and the development of a $140million shopping cum office building "Apollo Centre" situated along Eu Tong Sen Street.

Owing to the heavy commitment demanded of his personal investment and business, he resigned from the Board in 1991 to concentrate on his own business.

Attachments