Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
MIDAS HOLDINGS LIMITED
Securities
MIDAS HLDGS LIMITED - SG1P73919000 - 5EN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Mar-2018 22:26:50
Status
New
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Announcement Reference
SG180322OTHRTCMC
Submitted By (Co./ Ind. Name)
Tong Din Eu
Designation
Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Mr Chew Hwa Kwang Patrick has resigned as the executive director and chief executive officer of Midas Holdings Limited. Mr Chew has also resigned as the director of the subsidiaries and associated companies of Midas Holdings Limited.

Additional Details

Name Of Person
Chew Hwa Kwang Patrick
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
22/03/2018
Detailed Reason (s) for cessation
Mr Chew has resigned as the director due to health reason and the announcement dated 22 March 2018.
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?
Yes
If Yes, Please provide full details
Please refer to announcement dated 22 March 2018.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please refer to announcement dated 22 March 2018.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
23/02/2004
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.)
Executive Director and Chief Executive Officer
Role and responsibilities
Mr Chew Hwa Kwang Patrick is responsible for the overall operation and finance of Midas Holdings Limited and its subsidiaries and its financial well-being.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
121711800
Past (for the last 5 years)
Midas Ventures Pte. Ltd.
North East Industries Pte. Ltd.
Green Oasis Pte. Ltd.
Jilin Midas Aluminium Industries Co., Ltd
Shanxi Wanshida Engineering Plastics Co., Ltd
Luoyang Midas Aluminium Industries Co., Ltd
CRRC Nanjing Puzhen Rail Transport Co., Ltd
Present
NIL

Attachments

Announcement_Resignation of CEO_E_clean.pdf
Announcement_Resignation of CEO_C_clean.pdf
Total size =285K