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

Issuer & Securities

Issuer/ Manager
SP CORPORATION LIMITED
Securities
SP CORPORATION LIMITED - SG1AJ0000007 - AWE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Feb-2020 08:09:58
Status
New
Announcement Sub Title
Cessation of Managing Director and Chief Executive Officer
Announcement Reference
SG200210OTHRN8NV
Submitted By (Co./ Ind. Name)
Julie Koh Ngin Joo
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Demise of Mr Boediman Gozali alias Tony Wu and his cessation as Managing Director and Chief Executive Officer.

Additional Details

Name Of Person
Boediman Gozali alias Tony Wu
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
08/02/2020
Detailed Reason (s) for cessation
Mr Boediman Gozali alias Tony Wu passed away on 08/02/2020.
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
01/08/2010
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director and Chief Executive Officer, Non-Independent Executive Director
Role and responsibilities
Overall management of the operations of the Group and its subsidiaries
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Maternal uncle of Mr William Nursalim alias William Liem, a Non-Executive Director of the Company . He is also the maternal uncle of Ms Michelle Liem Mei Fung (sibling of Mr William Nursalim alias William Liem). Both Mr William Nursalim alias William Liem and Ms Michelle Liem are deemed substantial shareholders of the Company by virtue of their interests in Nuri Holdings (S) Pte Ltd
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
1. Bestway Holdings Pte Ltd
2. Bestway Properties Pte Ltd
3. Summer Enterprise
(Singapore) Pte. Ltd.
4. Hainan Summer Property
Development Ltd
5. Sanya Summer Real Estate
Co. Ltd.
6. Sanya Summer Mall
Department Store Co. Ltd
7. Sanya Summer Commercial
Co. Ltd.
8. Danzhou Summer Property
Developments Co. Ltd.