Change - Announcement of Cessation::Cessation of Managing Director

Issuer & Securities

Issuer/ Manager
SIN HENG HEAVY MACHINERY LIMITED
Securities
SIN HENG HEAVY MACHINERY LTD - SG1CB2000008 - BKA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jul-2016 17:48:19
Status
New
Announcement Sub Title
Cessation of Managing Director
Announcement Reference
SG160701OTHRQSV2
Submitted By (Co./ Ind. Name)
Tan Ah Lye
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Managing Director

Additional Details

Name Of Person
Tan Cheng Soon, Don ("Mr. Don Tan")
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2016
Detailed Reason (s) for cessation
After stepping down as Managing Director, Mr. Don Tan will no longer be a Director of Sin Heng Heavy Machinery Limited (the "Company"). He will continue with the Company as the Director of Operations and will be in charge of the Singapore rental division and various subsidiaries of the Company. He will also remain as director of various subsidiaries 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?
No
Date of Appointment to current position
02/02/2010
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director
Role and responsibilities
Mr. Don Tan is responsible for the operations, financial and performance of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Don Tan is the son of Mr. Tan Ah Lye (Executive Chairman and Interim CEO) who is a substantial shareholder and the brother of Mr. Tan Cheng Guan (Executive Director) and Mr. Tan Cheng Kwong (Executive Director).
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
DBPS Capital Pte. Ltd.
Sinolion Group Holdings Pte. Ltd.
TAL Capital Pte. Ltd.
Yantai Guoyu Financial Leasing Co. Ltd.
Zap Foundation Pte. Ltd.
Present
SH Equipment Pte. Ltd.
SH Equipment (Myanmar) Co. Ltd.
SH Equipment (HK) Limited
Sin Heng Aerial Lifts Pte. Ltd.
Sin Heng Vina Company Limited
TAL Holdings Pte. Ltd.