Change - Announcement of Cessation::Cessation as Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
HG METAL MANUFACTURING LIMITED
Securities
HG METAL MANUFACTURING LTD - SG1M22901755 - 526

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Apr-2014 18:54:30
Status
New
Announcement Sub Title
Cessation as Non-Executive Chairman
Announcement Reference
SG140410OTHR2SGE
Submitted By (Co./ Ind. Name)
Goh Kian Sin
Designation
Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation as Non-Executive Chairman

Additional Details

Name Of Person
Yap Xi Ming
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
10/04/2014
Detailed Reason (s) for cessation
To facilitate the appointment of the new directors as requested by the new controlling shareholder.
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
26/04/2010
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)
3
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.)
Non-executive chairman. A member each of Audit and Risk, Nominating and Remuneration Committee
Role and responsibilities
Non-executive. A member each of Audit and Risk, Nominating and Remuneration Committee
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
Direct: 5,746,554
Deemed: 86,086,574
Past (for the last 5 years)
Nil
Present
BRC Asia Limited, Chye Hin Hardware Pte. Ltd., Mlink Capital Pte. Ltd. and Regroup Capital Pte. Ltd.