Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR AND CHIEF DEVELOPMENT OFFICER
Issuer & Securities
Issuer/ Manager
SINGAPORE EDEVELOPMENT LIMITED
Securities
SINGAPORE EDEVELOPMENT LTD - SG1AE2000006 - 40V
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Aug-2018 18:29:50
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF EXECUTIVE DIRECTOR AND CHIEF DEVELOPMENT OFFICER
Announcement Reference
SG180830OTHRTLPR
Submitted By (Co./ Ind. Name)
Chan Heng Fai
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 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 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 Tang Yeng Yuen, Vice President, Head of Corporate Finance, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9886.
Additional Details
Name Of Person
CHAN TUNG MOE
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2018
Detailed Reason (s) for cessation
Mr Chan Tung Moe resigned on his own accord to pursue other career opportunities.
Based on its enquiries, the Company's Sponsor, Hong Leong Finance Limited (the "Sponsor"), is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Chan Tung Moe as an Executive Director and Chief Development Officer of the Company.
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?
Yes
If Yes, Please provide full details
Mr Chan Tung Moe's employment contract has ended. The Company will engage Mr Chan Tung Moe as a Consultant with effect from 1 September 2018. Mr Chan Tung Moe will continue to be overall responsible for the Group's international property development business.
Date of Appointment to current position
12/01/2016
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)
1
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.)
EXECUTIVE DIRECTOR AND GROUP CHIEF DEVELOPMENT OFFICER
Role and responsibilities
Mr Chan Tung Moe is overall responsible for the Group's international property development business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr Chan Heng Fai who is the Executive Chairman, the Chief Executive Officer and a Controlling Shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please see attached.
Present
Please see attached.
Attachments
ChanTungMoe-Directorship.pdf
Total size =140K
Related Announcements
Related Announcements
31/08/2018 17:25:10