Change - Announcement of Cessation::Resignation of Group Chief Financial Officer
Issuer & Securities
GUOCOLAND LIMITED - SG1R95002270 - F17
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Group Chief Financial Officer
Submitted By (Co./ Ind. Name)
Mary Goh Swon Ping
Group Company Secretary
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lai Tak Loi, the Group Chief Financial Officer ("GCFO") of GuocoLand Limited. The Company will identify a suitable candidate to assume the GCFO position and announce this appointment in due course.
Name Of Person
Lai Tak Loi
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other career opportunities.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
Responsible for the overall finance function of the GuocoLand Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
1,000,000 share options.
(Lapse on 25 August 2018 pursuant to the Rules of the GuocoLand Limited Executives' Share Option Scheme 2008)
Past (for the last 5 years)
Please refer to Annex A.
Please refer to Annex B.
Annex A and B.pdf
Total size =213K