Change - Announcement of Cessation::Resignation of Executive Director
Issuer & Securities
METAL COMPONENT ENGINEERING LIMITED
METAL COMPONENT ENGG LTD - SG1O81915033 - 5DX
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Executive Director
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Description (Please provide a detailed description of the event in the box below)
Resignation of Executive Director.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Advisors Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 Ms. Lee Khai Yinn (telephone no.: (65) 6532 3829), at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.
Name Of Person
Tan Soo Yong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other personal interests.
The Company's Sponsor, SAC Advisors Private Limited, has contacted Mr Tan Soo Yong and based on its enquiries, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Tan Soo Yong as Executive Director.
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.)
Executive Director, member of Executive Committee, IPBU Director and General Manager of Qingpu, Shanghai operations.
Role and responsibilities
Responsible for the Industrial Product business unit ("IPBU") that operates out of Qingpu, Shanghai.
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?
As at the date of this announcement, Mr Tan Soo Yong holds 15,255,332 ordinary shares in the Company and is deemed to be interested in 536,000 ordinary shares held in the name of his spouse, Mdm Tan Li Lin.
Mr Tan Soo Yong is also interested in 1,800,000 unissued ordinary shares from unexercised options granted under the Employee Share Option Scheme of the Company as at the date of this announcement.
In addition, as at the date of this announcement, Mr Tan Soo Yong is directly interested in 9,177,666 ordinary shares from the unexercised warrants issued by the Company. He is also interested in 3,268,000 ordinary shares from the unexercised warrants held in the name of his spouse, Mdm Tan Li Lin.
Past (for the last 5 years)
MCE_Ann_Resignation of Executive Director.pdf
Total size =59K