Change - Announcement of Appointment::Redesignation of Executive Chairman to Non-Executive Director

Issuer & Securities

Issuer/ Manager
JASON HOLDINGS LIMITED
Securities
JASON HOLDINGS LIMITED - SG2G86000004 - 5I3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-May-2019 21:12:52
Status
New
Announcement Sub Title
Redesignation of Executive Chairman to Non-Executive Director
Announcement Reference
SG190523OTHRWFYW
Submitted By (Co./ Ind. Name)
Wong Yoen Har
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Tang Yeng Yuen, Vice President, Head of Corporate Finance, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9886.

Additional Details

Date Of Appointment
23/05/2019
Name Of Person
Lim Chwee Kim
Age
61
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
23/04/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Lim Chwee Kim was redesignated pursuant to the re-constitution of the board of directors of the Company upon the completion of the Proposed Acquisition in accordance with the Sale and Purchase Agreement.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Member of the Audit and Risk Committee, Nominating Committee and Remuneration Committee.
Professional qualifications
Completed Secondary 4.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
December 2015 - Current
Chairman - Jason Holdings Limited

June 2017 - Current
Independent Director - Union Gas Holdings Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,042,800,000 ordinary shares (Before Share Consolidation and Compliance Placement)
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Sai Ho Realty Pte. Ltd.
RLG Development Pte. Ltd.
(dissolved)
Broyland Holdings Pte. Ltd.
Broyland Properties Pte.
Ltd. (struck off)
Broyland Trading Pte. Ltd.
Broyland China Investment
Pte. Ltd.
Crownshine Season Fruits
Private Limited
Chengdu Broyland Logistics
Investment Management
Co., Ltd
Chengdu Broyland Logistics
Services Co., Ltd
Present
Jason Holdings Limited
Broyland Logistics Services
Pte. Ltd.
Union Gas Holdings Limited
KKD Logistics Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
Yes
If Yes, Please provide full details
10 November 2016 Australia and New Zealand Banking Group Limited filed a winding up application against Jason Holdings Limited, which has since been withdrawn on 14 November 2018.

10 June 2016 a winding up application against Jason Parquet Specialist (Singapore) Pte Ltd was heard before the High Court of Singapore and an order for Jason Parquet Specialist (Singapore) Pte Ltd be wound up was made.

Following the winding up order, Jason Parquet Specialist (Singapore) Pte Ltd was put under liquidation. The Singapore High Court has subsequently granted an Order of Court on 30 April 2019 ("Court Order") for the release of Liquidators of Jason Parquet Specialist (Singapore) Pte Ltd and the dissolution of Jason Parquet Specialist (Singapore) Pte Ltd with effect from the date of the Court Order.
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
Yes
If Yes, Please provide full details
Please refer to Appendix A.
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Jason Holdings Limited and Union Gas Holdings Limited

Attachments

APPENDIX A.pdf
Total size =10K