Change - Announcement of Appointment::Appointment of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
OCEANUS GROUP LIMITED
Securities
OCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Dec-2014 18:24:34
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer and Executive Director
Announcement Reference
SG141204OTHRG9Z8
Submitted By (Co./ Ind. Name)
Ng Cher Yew
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Peter, Koh Heng Kang as the Chief Executive Officer and Executive Director

Additional Details

Date Of Appointment
04/12/2014
Name Of Person
Peter, Koh Heng Kang
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of the Company has reviewed, assessed and concluded that Mr. Koh Heng Kang, Peter possesses the requisite experience to carry out his duties as the Executive Director and the Chief Executive Officer of the Company, and accordingly approved him being appointed as the Chief Executive Officer and re-designated from the Independent Director to the Executive Director of the Company.

Upon the taking effect of Mr. Koh Heng Kang, Peter s appointment as the Chief Executive Officer of the Company, Dr Ng Cher Yew will relinquish his Chief Executive Officer position.
Whether appointment is executive, and if so, the area of responsibility
Chief Executive Officer and Executive Director

in charge of the day to day operational matters of the Group, with a special focus on managing China operations
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director

The Company will announce the re-constitution of its board committees in due course.
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 Koh Heng Kang, Peter was appointed to the Board as Independent Director and a member of the Nominating Committee on 11 October 2013.

Having spent 22 years building a branding company he founded, Pete s Creation International, with offices and factories in Singapore, China, Germany and USA, Mr Peter Koh sold his overseas operations four years ago and divided his time between charities and investments.

Prior to his retirement, he was involved in the day-to-day operations and development of his company s four divisions, mainly Media Productions, Interactive, Visual Designs and Merchandising. During this period, Mr Peter Koh expanded the company beyond merely a branding company servicing many International MNCs; such as Standard Chartered Bank, Shell Petroleum, L oreal, Seagate, Starhub, Visa and HBO, just to name a few.

In 1997, Mr Peter Koh ventured into OEM (Original Equipment Manufacturing) for major retail brands such as Fila, BUM Equipment, Giordano, Hang Ten and Levis amongst others.

In 2005, his company was among the first few selected by Singapore Media Development Authority to produce HD format TV Infotainment Program.

Mr Peter Koh also secured licensing rights for FIFA World Cup for the Merchandising division in 2006.

In 2009, he led his company to win The Summit Int l Award for Marketing Effectiveness in USA.

Over the years, Mr Peter Koh has sat on the board of directors of several companies in Singapore and the region. These include PT. Kertas Blabak, Indonesia s 4th largest recycle paper mill; the SMM Group and SMM Investment; and Eagle Coin, a joint venture with China largest food manufacturer and State Owned Enterprise.

Most recently in 2013, Mr Peter Koh was appointed Investment Advisor to the Sino-Indian Conglomerate Ramky-Revo for their overseas investments as well as Executive Director of the Opulence Group, a private equity firm which he co-founded, with investments stretching from Australia to Japan.

An astute entrepreneur, Mr Peter Koh is also an active champion of social welfare. He sits on the board of the Central Singapore Community Development Council and the Singapore Community Chest Share Committee. He is also a consultant to Voices magazine, a community magazine that boasts a quarterly circulation of 300,000 copies.

His previous appointments include the Advisory Board of the National Youth Council for its National Youth Award, Chairman of the Rotary Club of Singapore Vocational that oversees Rotary-ASME Entrepreneur of the Year Award.

He was conferred the Public Service Medal in 2014 by the President of the Republic of Singapore.

Mr Peter Koh holds a Diploma in Marketing from The London Chamber of Commerce.
Shareholding interest in the listed issuer and its subsidiaries?
No
# 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)
1. Group Managing Director of Pete s Creation International;

2. Advisory Board of National Youth Council for its National Youth Award; and

3. Chairman of Rotary Club of Singapore Vocational that oversees Rotary-ASME Entrepreneur of the Year Award.
Present
1. Director of Pete s Creation Singapore;

2. Ciera Consulting; Director of SMM Group & SMM International;

3. Council Member of Singapore Community Development Council;

4. Council Member of Singapore Community Chest Share Committee; and

5. Independent Director of Oceanus Group Limited.
(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?
No
(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 details of prior experience
Mr. Peter Koh was appointed to the board as the independent director of Oceanus Group Limited.