Change - Announcement of Cessation::Resignation of Executive Director and President, Integrated Medical Real Estate

Issuer & Securities

Issuer/ Manager
INTERNATIONAL HEALTHWAY CORPORATION LIMITED
Securities
INTL HEALTHWAY CORP LIMITED - SG2F86994413 - 5WA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Jan-2015 19:37:22
Status
New
Announcement Sub Title
Resignation of Executive Director and President, Integrated Medical Real Estate
Announcement Reference
SG150121OTHRR2XC
Submitted By (Co./ Ind. Name)
Dr Jong Hee Sen
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
International Healthy Corporation Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 8 July 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

Additional Details

Name Of Person
Yip Yuen Leong
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
21/01/2015
Detailed Reason (s) for cessation
Mr Yip Yuen Leong ceases to be the Executive Director of the Company with effect from 21 January 2015 and will cease to be the President, Integrated Medical Real Estate of the Company, with effect from 1 May 2015. The reason for his cessation is to pursue other career opportunities. Based on its enquiries, the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr Yip Yuen Leong as the Executive Director and President, Integrated Medical Real Estate.
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
18/02/2013
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.)
Executive Director and President, Integrated Medical Real Estate
Role and responsibilities
Responsible for the development, operation and control of medical assets, healthcare-related assets and integrated mixed-use developments.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
372,221 ordinary shares of International Healthway Corporation Limited
Past (for the last 5 years)
Please refer to Appendix
Present
Please refer to Appendix

Attachments

Directorship of Mr Yip - Past Present.pdf
Total size =19K