Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
APAC REALTY LIMITED
Securities
APAC REALTY LIMITED - SG1DJ0000001 - CLN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jun-2021 17:27:41
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG210628OTHREZGR
Submitted By (Co./ Ind. Name)
Chua Khee Hak
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Chua Khee Hak as Chief Executive Officer

Additional Details

Name Of Person
Chua Khee Hak
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2021
Detailed Reason (s) for cessation
Mr Chua Khee Hak ("Mr Chua") will relinquish his position as Chief Executive Officer of the Company. Mr Chua will remain as Executive Chairman of the Company which is in line with the Company's succession plan.
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
07/08/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Mr Chua manages the day-to-day business operations of ERA, RIA and Coldwell Banker in Singapore and oversees the growth and development of ERA in the Asia Pacific region.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
80,000 ordinary shares in APAC Realty Limited
Past (for the last 5 years)
ISend Pte Ltd
Present
- APAC Investment Pte Ltd
- APAC Investment 2 Pte Ltd
- ERA Realty Network Pte Ltd
- ERA Singapore Pte Ltd
- Realty International Associates Pte Ltd
- Coldwell Banker Real Estate (S) Pte Ltd
- Coldwell Banker Commercial Real Estate (S) Pte Ltd
- Realty Partners Investments Pte Ltd
- Fang Pte Ltd
- IBuild Pte Ltd
- IReal Holdings Pte Ltd
- Soreal Prop Pte Ltd