Change - Announcement of Appointment::APPOINTMENT OF AN INDEPENENT DIRECTOR

Issuer & Securities

Issuer/ Manager
NAM CHEONG LIMITED
Securities
NAM CHEONG LIMITED - BMG6361R1117 - N4E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Sep-2014 17:39:50
Status
New
Announcement Sub Title
APPOINTMENT OF AN INDEPENENT DIRECTOR
Announcement Reference
SG140930OTHRVT1S
Submitted By (Co./ Ind. Name)
DATUK TIONG SU KOUK
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
PLEASE SEE BELOW.

Additional Details

Date Of Appointment
01/10/2014
Name Of Person
KAN YUT KEONG
Age
58
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 Directors of the Company, had reviewed the qualification and working experience of Mr Kan and approved his appointment as Non-Executive Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
N.A.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of Audit Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Kan has no family relationship with any Director and/or substantial shareholder of the listed issuer or any of ts principal subsidiries.
Conflict of interests (including any competing business)
Mr Kan has no conflict of interest with the Group.
Working experience and occupation(s) during the past 10 years
Mr Kan was a Managing Director of PricewaterhouseCoopers Corporate Finance Pte Ltd and in that role he overseas the provision of capital market services to listed companies as well as private companies and accredited individuals. The services provided include fund raising, mergers and acquisitions, financial restructuring, acting as independent financial advisers and other related services such as valuation and general advisory services.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
PricewaterhouseCoopers Corporate Finance Pte Ltd
PricewaterhouseCoopers Services LLP (Partner)
JAG Foundation Limited
Present
Yick Cheong Kadai Emas Sdn Bhd
(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?
Yes
If Yes, Please provide full details
Mr Kan was a director of JAG Foundation Limited, which was put into creditors voluntary liquidation. The affairs of the company was finalised and on 28 April 2014.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Mr Kan will be briefed on his roles and obligation as a director under the listing rules as well as the relevant laws and regulations of a director of a public listed company in Singapore. The Company would arrange for regular training, particularly on relevant new laws, regulations and changing commercial risks from time to time.