Change - Announcement of Cessation::Resignation of Group Chief Executive Officer and Executive Director
Issuer & Securities
IFS CAPITAL LIMITED
IFS CAPITAL LIMITED - SG1A35000706 - I49
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Group Chief Executive Officer and Executive Director
Submitted By (Co./ Ind. Name)
Chionh Yi Chian
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Soon Kie as the Group Chief Executive Officer and Executive Director of the Company
Name Of Person
Lee Soon Kie
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Early Retirement and Health Reasons
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer and Executive Director
Role and responsibilities
Responsible for the overall business and operations of the Company and its subsidiaries.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
IFS Capital Limited
IFS Capital (Thailand) Public Company Limited
IFS Factors (Malaysia) Sdn. Bhd.
Past (for the last 5 years)
Total size =61K