Change - Announcement of Cessation::CESSATION OF EXECUTIVE CHAIRMAN, CEO AND MANAGING DIRECTOR

Issuer & Securities

Issuer/ Manager
HOR KEW CORPORATION LIMITED
Securities
HOR KEW CORPORATION LIMITED - SG1BE0000006 - BBP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Mar-2020 18:26:00
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE CHAIRMAN, CEO AND MANAGING DIRECTOR
Announcement Reference
SG200330OTHRXCN8
Submitted By (Co./ Ind. Name)
KOH EE KOON
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Aw Khoon Hwee as Executive Chairman, Chief Executive Officer and Managing Director

Additional Details

Name Of Person
Aw Khoon Hwee
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
30/03/2020
Detailed Reason (s) for cessation
Due to health issue
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
Following the aforesaid cessation, Mr Aw has also relinquished his position as a member of the Remuneration Committee and Nominating Committee. He will remain as a Non-Executive Director of the Company.
Date of Appointment to current position
10/11/1999
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director (since 10/11/1999)
Managing Director (since 2/11/2007)
Executive Chairman and CEO (since 27/2/2014)
Role and responsibilities
Mr Aw is responsible for the business development, corporate matters, financial planning, general management and investment decisions of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Brother of Mr Aw Soon Hwee (substantial shareholder)
2. Uncle of Mr Benjamin Aw Chi-Ken (Executive Director) and Ms Elicia Aw Ying Ying (Executive Director)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Aw holds 5,413,499 shares and is deemed to be interested in 17,093,821 shares in the Company held by Hor Kew Holdings Pte Ltd by virtue of Section 7 of the Companies Act, Cap. 50
Past (for the last 5 years)
nil
Present
1. Hor Kew Holdings Pte Ltd
2. Hor Kew International Pte Ltd
3. Hor Kew Land Pte Ltd
4. Hor Kew Private Limited
5. Oxley Lights Development Pte Ltd
6. Oxley Lights Pte Ltd
7. Park Vale Design & Development Pte Ltd
8. Prefab Technology Pte Ltd
9. Prefab Technology 3 Pte Ltd
10. Prefab Technology 8 Pte Ltd
11. ABX Land Sdn Bhd
12. GPX Land Sdn Bhd
13. Radiant Radius Sdn Bhd
14. Hor Kew Corporation Limited