Change - Announcement of Cessation::Resignation of Executive Director and Chief Executive Officer
Issuer & Securities
SINCAP GROUP LIMITED
SINCAP GROUP LIMITED - SG2F03983689 - 5UN
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director and Chief Executive Officer
Submitted By (Co./ Ind. Name)
Lun Chee Leong
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, Canaccord Genuity Singapore Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved 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 contact person for the Sponsor is Ms. Alice Ng, Director and Head of Continuing Sponsorship, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.
Name Of Person
Ng Hong Whee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
As part of the Group's management restructuring plan, to allow Mr. Ng to focus on the China operations of the Group.
Subsequent to the resignation, Mr. Ng will be appointed as the President of China Operations of the Group.
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Mr. Ng, is satisifed that other than disclosed in this announcement, there are no material reasons for the cessation of Mr. Ng.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Mr. Ng Hong Whee's resignation will take place prior to the expiry of his service agreement, to expire on 25 July 2015, as agreed with the Board of the Company.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Devising the Group's business direction and overseeing all project development activities and related business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
See Annexure A
See Annexure B
Annexure A - Mr. Ng Hong Whee.pdf
Annexure B - Mr Ng Hong Whee.pdf
Total size =215K