Change - Announcement of Cessation::Retirement of Executive Chairman

Issuer & Securities

Issuer/ Manager
RH PETROGAS LIMITED
Securities
RH PETROGAS LIMITED - SG1H00001443 - T13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2019 17:32:40
Status
New
Announcement Sub Title
Retirement of Executive Chairman
Announcement Reference
SG190426OTHRAW1U
Submitted By (Co./ Ind. Name)
Chang Cheng-Hsing Francis
Designation
Group CEO & Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Chairman

Additional Details

Name Of Person
Tan Sri Datuk Sir Tiong Hiew King
Age
84
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2019
Detailed Reason (s) for cessation
Tan Sri Datuk Sir Tiong Hiew King has decided not to seek re-election at the Annual General Meeting ("AGM") held on 26 April 2019 and has retired as a Director at the conclusion of the AGM pursuant to Regulation 106 of the Company's Constitution. Upon his cessation as Director, Tan Sri Datuk Sir Tiong Hiew King has also ceased to be the Executive Chairman of the Company.
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
13/03/2008
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)
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 Chairman
Role and responsibilities
Setting and implementing the strategic direction and facilitating the growth of business of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Dato' Sri Dr Tiong Ik King, Non-Executive and Non-Independent Chairman (as from the conclusion of the AGM) and substantial shareholder of the Company and Tiong Kiong King, Non-Executive and Non-Independent Director of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest:
580,000 ordinary shares of RH Petrogas Limited

Deemed Interest:
Tan Sri Datuk Sir Tiong Hiew King s aggregate deemed interest of 472,845,443 shares of RH Petrogas Limited comprised of (i) 212,073,086 shares held by Surreyville Pte Ltd ("Surreyville"), which arises from his shareholding in Woodsville International Limited, the holding company of Surreyville; (ii) 132,825,203 shares held by Sharptone Investments Limited ("Sharptone"), which arises from his shareholding in Sharptone; (iii) 110,347,154 shares held/owned by RH Capital Limited which arises from his shareholding in RH Capital Limited; and (iv) 17,600,000 shares held by Subur Tiasa Holdings Berhad ("Subur Tiasa"), which arises from his substantial shareholdings in Tiong Toh Siong Holdings Sdn. Bhd., Tiong Toh Siong Enterprises Sdn. Bhd., Tiong Toh Siong & Sons Sdn. Bhd. and Teck Sing Lik Enterprise Sdn. Bhd., which are shareholders/substantial shareholders of Subur Tiasa.
Past (for the last 5 years)
1. Media Chinese International Limited
2. One Media Group Limited
Present
1.Surreyville Pte. Ltd. 2.Woodsville International Limited
3.Rimbunan Sawit Berhad 4.Kingworld Resources Limited 5.Sharptone Investments Limited
6.Habacus Trading Co. Pte Ltd
7.Rimbunan Hijau International Pte Ltd
8.Rimbunan Hijau Sdn. Bhd.
9.Tiong Toh Siong Holdings Sdn. Bhd.
10.Rimbunan Hijau General Trading Sdn. Bhd.
11.Rejang Height Sdn. Bhd.
12.Rimbunan Petrogas Limited
13.RH Global Energy Limited
14.Hillsborough Limited
15.RHP (Mukah) Pte. Ltd.