Change - Announcement of Cessation::Cessation of Non-Executive Director

Issuer & Securities

Issuer/ Manager
SCORPIO EAST HOLDINGS LTD.
Securities
SCORPIO EAST HOLDINGS LTD. - SG2G85000005 - 5I1

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-May-2014 18:39:18
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG140507OTHRSWGL
Submitted By (Co./ Ind. Name)
Ko Chuan Aun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Unless otherwise defined, all capitalised terms used herein shall have the same meanings ascribed to them in the Company's circular to its shareholders dated 31 March 2014.

The Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Hong Leong Finance Limited (the 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 the Announcement.

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

The contact person for the Sponsor is Ms. Joan Ling, Senior Vice President, Head of Corporate Finance, at 16 Raffles Quay #40-01A Hong Leong Building, Singapore 048581, Telephone: (65) 6415-9886.

Additional Details

Name Of Person
Toh Tian Sze
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
06/05/2014
Detailed Reason (s) for cessation
Pursuant to the re-constitution of the composition of the board of directors of the Company with effect immediately upon the completion of the Proposed Acquisition.
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
02/04/2012
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Member of the Audit and Remuneration Commitees of the Company.
Role and responsibilities
Duties as Non-Executive Director and member of the Audit and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 14,000 shares
Deemed Interest - 20,211,000 shares held by Lian Bee Metal Pte Ltd, by virtue of Section 7 of the Companies Act, Cap 50.
Other Directorships
Past (for the last 5 years)
None
Present
None