Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
ARA ASSET MANAGEMENT (FORTUNE) LIMITED
Securities
FORTUNE REAL ESTATE INV TRUST - SG1O33912138 - F25U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Feb-2015 19:58:22
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG150202OTHR8FGP
Submitted By (Co./ Ind. Name)
Tan San-Ju
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer.

Additional Details

Name Of Person
Ang Meng Huat, Anthony
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
02-Feb-2015
Detailed Reason (s) for cessation
As part of the Manager's succession planning, Mr Ang Meng Huat, Anthony has relinquished his position as the Chief Executive Officer of the Manager. However, he will remain as Non-Executive Director of the Manager.
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
30-Mar-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)
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.)
Non-Executive Director
Role and responsibilities
Non-Executive
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?
No
Other Directorships
Past (for the last 5 years)
Please see Appendix A
Present
Please see Appendix A

Attachments

Appendix A-Anthony Ang.pdf
Total size =30K