Change - Announcement of Cessation::Resignation of Financial Controller

Issuer & Securities

Issuer/ Manager
STARLAND HOLDINGS LIMITED
Securities
STARLAND HOLDINGS LIMITED - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jan-2016 17:33:15
Status
New
Announcement Sub Title
Resignation of Financial Controller
Announcement Reference
SG160119OTHRRB7C
Submitted By (Co./ Ind. Name)
Tan Hoe San
Designation
Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms Lina Tan Lay Nah as Financial Controller.

This announcement has been prepared by Starland Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") 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 Mr. Lance Tan, Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 62298088.

Additional Details

Name Of Person
Lina Tan Lay Nah
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
19/01/2016
Detailed Reason (s) for cessation
Ms Lina Tan has resigned on her own accord to pursue other career opportunities.

PrimePartners Corporate Finance Pte. Ltd., having interviewed Ms Lina Tan, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Ms Lina Tan Lay Nah as the Financial Controller.

There are no concerns with regards to financial reporting that led to the departure of Ms Lina Tan Lay Nah and there are no disagreements between Ms Lina Tan Lay Nah and the Board of Directors pertaining to the practices that will have an impact to the Group's financial reporting.
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?
Yes
If Yes, Please provide full details
The Company is in the process of confirming a potential candidate for the position of Financial Controller for the Company. In the meantime, there will be no change to the finance and accounting functions at the Company's subsidiaries, and the ultimate controlling shareholder of the Company, GRP Limited, will second an appropriate relevant personnel to assist in the oversight of the financial and accounting functions of the Group.
Date of Appointment to current position
07/11/2014
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Financial Controller
Role and responsibilities
Executive. Responsible for the Group's financial, treasury, taxation and other corporate compliance matters.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Peritus Management Pte. Ltd.
Present
None