Change - Announcement of Cessation::Resignation of Chng Gim Huat as a Director and Chairman

Issuer & Securities

Issuer/ Manager
COMPACT METAL INDUSTRIES LTD
Securities
COMPACT METAL INDUSTRIES LTD - SG2G22997172 - T4E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Nov-2014 17:48:22
Status
New
Announcement Sub Title
Resignation of Chng Gim Huat as a Director and Chairman
Announcement Reference
SG141111OTHR0QX6
Submitted By (Co./ Ind. Name)
Chng Beng Hua
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Chng Gim Huat as a Director and Chairman of the Board.

Additional Details

Name Of Person
Chng Gim Huat
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
10/11/2014
Detailed Reason (s) for cessation
In connection with the disposal of his shareholdings, Mr Chng Gim Huat had indicated his intention to resign from the Board of the Company and the Board has accepted his resignation.
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
24/07/2007
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)
2
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.)
Director and Chairman
Role and responsibilities
As Chairman, Mr Chng was responsible for leading the Board and ensuring effective communication with shareholders, encourage constructive relationship between the Board and management, as well as between Board members, promote high standards of corporate governance.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Chng Beng Hua.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
128,000,000 ordinary shares in the Company
Past (for the last 5 years)
NIL
Present
1. Compact Bricks Sdn Bhd
2. Compact Metal Industries Sdn Bhd
3. FacadeMaster Sdn Bhd
4. Ratus Projek Sdn Bhd
5. Selaco Aluminium Berhad
6. Aluform Marketing Pte Ltd
7. Compact Metal Industries Pte Ltd
8. C.G.H. Development Pte Ltd
9. Orchid Cafe Pte Ltd
10. Chng Gim Huat Holdings Pte Ltd
11. Eastwood Park Pte Ltd
12. Integrate Marketing Private Limited
13. Integrate Private Limited
14. Kim Keat Garden Pte Ltd
15. NS Travel & Tours Pte Ltd
16. Orchard Grand Court Pte Ltd
17. Paya Ubi Industrial Park Pte Ltd
18. Paya Ubi Investment Pte Ltd
19. Stangee Developments Pte Ltd
20. Crystal Court Restaurant Pte Ltd
21. Crystal Court Restaurant Pte Ltd
22. PIP Marketing Pte Ltd
23. FacadeMaster Pte Ltd
24. Orchid Hotel Private Limited
25. AEL Enviro (Asia) Pte Ltd