Change - Announcement of Cessation::CESSATION OF MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
SWEE HONG LIMITED
Securities
SWEE HONG LIMITED - SG2E77981776 - QF6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Feb-2016 09:38:27
Status
New
Announcement Sub Title
CESSATION OF MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160222OTHRQ9EB
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CESSATION OF MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER

Additional Details

Name Of Person
ONG HOCK LEONG
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
18/02/2016
Detailed Reason (s) for cessation
A bankruptcy order was made against Mr Ong Hock Leong on 18 February 2016. Consequently, his office as a Director of the Company is vacated in accordance with Article 96(1) of the Constitution of the Company and Section 148 of the Companies Act, Chapter 50 of Singapore.
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
31/03/2008
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.)
Managing Director and Group Chief Executive Officer
Role and responsibilities
Responsible for the formulation of strategies and steering the directions for the business development of the Group, as well as the overall management and day-to-day operations of the Group especially in the preparation of tenders and management of projects (including contractual, technical and project operation matters).
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nephew of Ong Hoi Lian who is a non-executive Director and substantial shareholder of the Company.

Nephew of Ong Hur Seng who is a substantial shareholder of the Company.

Cousin of Ong Kah Lam who is a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct - 4,854,070 ordinary shares
Deemed - 147,853,460 ordinary shares
Past (for the last 5 years)
Zamia Pte Ltd
SHEC Holdings Pte Ltd*
Sun Hup Development Pte Ltd*
Swee Hong Construction Pte Ltd*
Swee Hong Dormitories Pte Ltd*

* Pursuant to the bankruptcy order made on 18 February 2016 against Mr Ong Hock Leong, his offices as director in the Company and other Singapore incorporated private limited companies, respectively, are vacated in accordance with Section 148 of the Companies Act, Chapter 50 of Singapore.
Present
Sunalliance Assets Co. Inc.
(incorporated in Hong Kong)