Change - Announcement of Cessation::CESSATION OF GROUP FINANCE MANAGER OF THE COMPANY
Issuer & Securities
MERCURIUS CAP INVESTMENT LTD
MERCURIUS CAP INVESTMENT LTD - SG2B96959558 - 5RF
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF GROUP FINANCE MANAGER OF THE COMPANY
Submitted By (Co./ Ind. Name)
Chang Wei Lu
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Raphael Liew Soon Chee as the Group Finance Manager of the Company.
This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
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 Mr. Pong Chen Yih, Chief Operating Officer, at 9 Raffles Place, #17-05 Republic Plaza Tower 1, Singapore 048619, telephone (65) 6950 2188.
Name Of Person
Raphael Liew Soon Chee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Raphael Liew Soon Chee ("Mr Liew") has resigned as the Group Finance Manager of Mercurius Capital Investment Limited (the "Company", together with its subsidiaries, the "Group") on 25 June 2020 to pursue other career opportunities.
After having interviewed Mr Liew and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Liew as the Group Finance Manager of the Company.
In addition, there are no concerns with regards to financial reporting that led to the resignation of Mr Liew and there are no disagreements between him and the Board of Directors of the Company with regards to practices that would have an impact to the Company's financial reporting.
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 Finance Manager
Role and responsibilities
Executive. Mr Liew is responsible for the accounting, financial and compliance function of the 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?
Past (for the last 5 years)
Friven & Co. Singapore Pte. Ltd.
China Children Fashion Holdings Pte. Ltd.
Jijile Clothing International Commerce Private Limited
Four Seasons Capital Pte. Ltd.
Pacific Trade Pte. Ltd.