Change - Announcement of Appointment::ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE CHAIRMAN OF CYBER BUILDERS PTE. LTD.

Issuer & Securities

Issuer/ Manager
LIBRA GROUP LIMITED
Securities
LIBRA GROUP LIMITED - SG2D82975475 - 5TR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Jul-2017 17:08:26
Status
New
Announcement Sub Title
ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE CHAIRMAN OF CYBER BUILDERS PTE. LTD.
Announcement Reference
SG170703OTHRO8XN
Submitted By (Co./ Ind. Name)
Chu Sau Ben
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 contact person for the Sponsor is Mr Yap Wai Ming:
Tel: 6389 3000
Email: waiming.yap@morganlewis.com

Additional Details

Date Of Appointment
03/07/2017
Name Of Person
ANG CHOON CHENG
Age
52
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, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr Ang Choon Cheng, is of the view that Mr Ang Choon Cheng has the requisite experience and capability to assume the responsibility as the Executive Chairman of Cyber Builders Pte. Ltd..

Accordingly, the Board of Directors approved the appointment of Mr Ang Choon Cheng as the Executive Chairman of Cyber Builders Pte. Ltd..
Whether appointment is executive, and if so, the area of responsibility
Executive - Mr Ang Choon Cheng will be responsible for the overall operations, management, strategic planning and business development of Cyber Builders Pte. Ltd..

In addition to his duties as Executive Chairman of Cyber Builders Pte. Ltd., Mr Ang Choon Cheng will also be responsible for overseeing new business developments and investments of the Group except for any business, trade or occupation relating to air conditioning, mechanical ventilation, and mechanical & electrical systems.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman of Cyber Builders Pte. Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
November 2014 - February 2017
Executive Director and Executive Chairman of Natural Cool Holdings Limited

October 2013 - November 2014
Group Advisor of Natural Cool Holdings Limited

September 2009 - October 2013
Chief Executive Officer of Natural Cool Holdings Limited

October 2005 - July 2007
Director of Natural Cool Airconditioning & Engineering Pte Ltd

March 2006 - July 2007
Managing Director of Natural Cool Airconditioning & Engineering Pte Ltd

January 2005 - October 2005
Manufacturing Director of Natural Cool Airconditioning & Engineering Pte Ltd

September 2002 - June 2005
Director of S-Team Engineering & Construction Pte. Ltd.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# 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)
Loh & Sons Paint Co (S) Pte Ltd
Gathergates Switchgear Pte. Ltd.
Natural Cool Holdings Limited
Natural Cool Investments Pte. Ltd.
NC (Singapore) Pte. Ltd.
Titans Power Holdings Pte. Ltd. (Struck Off)
Titans Power System Pte. Ltd.
Gathergates Group Pte. Ltd.
Lorentz Asia Pte. Ltd.
Cougar Paint Pte. Ltd.
Present
Nil
(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?
No
(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?
Yes
If Yes, Please provide full details
On 31 October 2013, Mr Ang Choon Cheng voluntarily entered into a civil penalty agreement with the Monetary Authority of Singapore ("MAS") in connection with certain trades carried out by him in the shares of Natural Cool Holdings Limited during the period between 9 January 2008 to 16 June 2009, against Section 197(1)(b) and 201(b) of the Securities and Futures Act ("SFA"). Under the terms of the civil penalty agreement, Mr Ang Choon Cheng has paid a civil penalty of $150,000 to MAS without court action, comprising a civil penalty of $90,000 for contravening Section 197(1)(b) of the SFA and $60,000 for contravening Section 201(b) of the SFA. Mr Ang Choon Cheng resigned as a director and CEO of Natural Cool Holdings Limited on 31 October 2013. Mr Ang Choon Cheng also gave a voluntary undertaking to MAS not to be a company director for a period of one year with effect from 31 October 2013.
(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?
Yes
If Yes, Please provide full details
On 31 October 2013, Mr Ang Choon Cheng voluntarily entered into a civil penalty agreement with the Monetary Authority of Singapore ("MAS") in connection with certain trades carried out by him in the shares of Natural Cool Holdings Limited during the period between 9 January 2008 to 16 June 2009, against Section 197(1)(b) and 201(b) of the Securities and Futures Act ("SFA"). Under the terms of the civil penalty agreement, Mr Ang Choon Cheng has paid a civil penalty of $150,000 to MAS without court action, comprising a civil penalty of $90,000 for contravening Section 197(1)(b) of the SFA and $60,000 for contravening Section 201(b) of the SFA. Mr Ang Choon Cheng resigned as a director and CEO of Natural Cool Holdings Limited on 31 October 2013. Mr Ang Choon Cheng also gave a voluntary undertaking to MAS not to be a company director for a period of one year with effect from 31 October 2013.
(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?
Yes
If Yes, Please provide full details
On 31 October 2013, Mr Ang Choon Cheng voluntarily entered into a civil penalty agreement with the Monetary Authority of Singapore ("MAS") in connection with certain trades carried out by him in the shares of Natural Cool Holdings Limited during the period between 9 January 2008 to 16 June 2009, against Section 197(1)(b) and 201(b) of the Securities and Futures Act ("SFA"). Under the terms of the civil penalty agreement, Mr Ang Choon Cheng has paid a civil penalty of $150,000 to MAS without court action, comprising a civil penalty of $90,000 for contravening Section 197(1)(b) of the SFA and $60,000 for contravening Section 201(b) of the SFA. Mr Ang Choon Cheng resigned as a director and CEO of Natural Cool Holdings Limited on 31 October 2013. Mr Ang Choon Cheng also gave a voluntary undertaking to MAS not to be a company director for a period of one year with effect from 31 October 2013.
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
Not Applicable