Change - Announcement of Cessation::Resignation of Group Financial Controller and Company Secretary

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2015 18:37:56
Status
New
Announcement Sub Title
Resignation of Group Financial Controller and Company Secretary
Announcement Reference
SG150714OTHRNR8M
Submitted By (Co./ Ind. Name)
Yeo Poh Noi Caroline
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor are:-

Name: Mr Tan Chong Huat (Registered Professional, RHT Capital Pte. Ltd.)
Address: Six Battery Road, #10-01, Singapore 049909
Tel: (65) 6381 6757

Additional Details

Name Of Person
Lim Chien Joo, Derick
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
15/07/2015
Detailed Reason (s) for cessation
Following the restructuring of the Group and the disposal of the Company's Distribution business in October 2013, it was agreed that upon recruitment of a suitable candidate to replace Mr Lim as Group Financial Controller, Mr Lim will resign from his position as Group Financial Controller and Company Secretary in the Company.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/05/2010
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller and Company Secretary
Role and responsibilities
Mr Lim oversees the financial reporting and corporate secretarial function of the Group
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) Oakwell Engineering (Malaysia) Sdn Bhd - resigned on 28 May 2014
(2) OSEC Shipyard Pte Ltd - resigned on 15 December 2014
Present
(1) HoST Pte Ltd - appointed on 31 October 2014
(2) HoST Electrical Pte Ltd - appointed on 31 October 2014
(3) ETS-Oakwell Co., Ltd - appointed on 29 December 2014
(4) Dilon Trading (S) Pte Ltd - appointed on 31 December 2014