Change - Announcement of Appointment::Appointment of an Independent Director

Issuer & Securities

Issuer/ Manager
ADVANCE SCT LIMITED
Securities
ADVANCE SCT LIMITED - SG1Q38922098 - 5FH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-May-2015 20:12:37
Status
New
Announcement Sub Title
Appointment of an Independent Director
Announcement Reference
SG150519OTHR46SE
Submitted By (Co./ Ind. Name)
Simon Eng
Designation
Chief Executive Officer
Effective Date and Time of the event
19/05/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Loo Cheng Guan as an Independent Director, AC Chairman and RC member of the Company.

Additional Details

Date Of Appointment
01/06/2015
Name Of Person
LOO CHENG GUAN
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Given his vast experience in private equity and financial advisory work, Mr Loo brings new and complementary skills especially in the area of corporate finance and investment. The board believes that Mr Loo will also be an asset in corporate governance matters, having been an executive director of a listed company.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, AC Chairman, and RC member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Mr Loo Cheng Guan is currently Executive Director and Group Deputy CEO of C&G Environmental Protection Holdings Ltd, and sits on various boards including the board of Rockstead GIP Fund II as Non-Executive Chairman. Mr Loo has more than two decades of corporate finance, private equity and business experience, having spent his entire career advising on mergers and acquisitions, growth strategies and structuring investments that achieve capital appreciation for investors.

Prior to joining C&G, Mr Loo was Managing Director of F&H Fund Management Pte Ltd from Aug 2010 to May 2011, where he was responsible for overall investment strategy and management. His list of credentials also include being the Managing Director of Tembusu Partners Pte Ltd from Oct 2008 to Mar 2010, where he oversaw the management of the funds; being the Founding Managing Partner of Blue Ocean Capital Partners Pte Ltd from Nov 2005 to Oct 2009, where he advised clients on cross-border M&A; holding the Senior Vice President position at Mitsubishi Securities (Singapore) Ltd from July 2003 to Nov 2005, where he advised clients on matters of corporate finance and M&A; holding the Principal position at Advent International from 1999 to 2003, where he focused on late-stage investments and buyouts; and being the Deputy Managing Director of Nomura Securities from 1995 to 1998, where he was responsible for its investment banking operations in Malaysia. Mr Loo started his career as a management consultant with Arthur D. Little in 1990.

Mr Loo holds a Bachelor of Economics (Honours) and MBA from Monash University in Melbourne. He is a fellow of Hong Kong Institute of Directors and a member of Singapore Institute of Directors.
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)
Blackbird Investments Ltd
Blue Ocean Capital Partners Pte Ltd
C&G Industrial Services (Hong Kong) Co., Ltd.
F&H Fund Management Pte Ltd
Hongwei Technologies Ltd
MAP Technology Holdings Ltd
Tembusu Growth Fund II Ltd
Tembusu Growth GIP Fund Ltd
Tembusu Partners Pte Ltd
Present
1 Rockstead GIP Fund II Pte Ltd
Amalgam Capital Partners Pte Ltd
Brash Asia Pte Ltd
C&G Environmental Protection Holdings Ltd
CICC Holdings Pte Ltd
Grandblue Environment Holdings Limited
Hope Horizon Investment Pte Ltd
Vermilion Gate Pte Ltd
(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
C&G Environmental Protection Holdings Ltd