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

Issuer & Securities

Issuer/ Manager
SCORPIO EAST HOLDINGS LTD.
Securities
SCORPIO EAST HOLDINGS LTD. - SG2G85000005 - 5I1

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-May-2014 18:34:38
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG140507OTHRYKCN
Submitted By (Co./ Ind. Name)
Ko Chuan Aun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Unless otherwise defined, all capitalised terms used herein shall have the same meanings ascribed to them in the Company's circular to its shareholders dated 31 March 2014.

The Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Hong Leong Finance Limited (the Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST). The Sponsor has not independently verified the contents of the Announcement.

The Announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of the Announcement, including the correctness of any of the statements or opinions made or reports contained in the Announcement.

The contact person for the Sponsor is Ms. Joan Ling, Senior Vice President, Head of Corporate Finance, at 16 Raffles Quay #40-01A Hong Leong Building, Singapore 048581, Telephone: (65) 6415-9886.

Additional Details

Date Of Appointment
06/05/2014
Name Of Person
Ong Chih Ching
Age
44
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Pursuant to the completion of the Proposed Acquisition, Ong Chih Ching was appointed to the Board as part of the re-constitution of the board of directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Ong Chih Ching will be responsible for the strategic planning and development of Enlarged Group's business, and spearheading the expansion and growth of the Enlarged Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer & Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
Nil, save as disclosed in the Circular (in particular, Section B12 of the Circular)
Working experience and occupation(s) during the past 10 years
- Founding partner of the Singapore law firm, Koh, Ong & Partners, where she specialised in corporate and real estate transactions.

- Co-founded Koh Ong & Partners Management Services Pte Ltd in 1999, providing secretarial, consultancy and corporate management services.

- Founder and First Honorary Secretary for the Securities Investors Association (Singapore), an association with one of the largest memberships in the country and which represents investors' interests in listed companies.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 64,175,715 shares
Deemed Interest - 428,571,428 shares held by KOP Group Pte. Ltd. by virtue of Section 7 of the Companies Act.
Other Directorships
# 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)
10 Trinity Square Club Limited, 10 Trinity Square Hotel Limited, 10 Trinity Square Limited (in the process of members' voluntary winding up), 10 Trinity Square Parking Limited, 10 Trinity Square Residences Limited, Aohai International Pte. Ltd., Bezel Corporate Pte. Ltd. (struck off), Bullet Investments Limited, East Coast (Cecil) Investment Pte. Ltd., Herbal-Basic Technologies Pte. Ltd. (struck off), Hua Bin Investment Pte. Ltd., Iman Pack Asia Pte Ltd (struck off), Keystone Professionals Pte. Ltd. (dissolved - members' voluntary winding up), KOP Commercial Pte. Ltd. (struck off), KOP+Republik Capital Partners Pte. Ltd. (gazetted to be struck off), Middle Curtain & Carpet Pte Ltd, Middle Group Holdings Pte Ltd (dissolved - members' voluntary winding up), Oldenwood S.a.r.l., PYA (Singapore) Pte. Ltd., Regatta Properties Pte. Ltd. (dissolved - members' voluntary winding up), Reignwood Holding Pte. Ltd., Rialto Properties Pte. Ltd. (struck off), Sardinia Properties Pte Ltd, Sealine Yachts Asia Pte. Ltd., Stein Group Asia Pte. Ltd. (struck off)
Present
The Cranley Hotel (IOM) Limited (as alternate Director), Franklyn Hotels & Resorts (Europe) Limited, Gramercy Properties Pte. Ltd., KOP Properties Pte. Ltd., Montigo Nongsa Pte. Ltd., Art Heritage Singapore Pte. Ltd., Aqua Voyage Pte. Ltd., B3 Pte. Ltd., Bezel Pte. Ltd., Bezel Singapore Pte. Ltd., Chilen Holdings Pte. Ltd., Franklyn Hotels & Resorts Pte. Ltd., Hayden Properties Pte. Ltd., KOP Capital Pte. Ltd., KOP Group Pte. Ltd., KOP Hospitality Pte Ltd, KOP Hotels & Resorts Pte Ltd, KOP Luxury Lifestyles Pte Ltd, KOP-Scotts Pte. Ltd., Movements Pte. Ltd., Royce Properties Pte. Ltd., Scotts Spazio 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
In late 2008, KOP Hotels & Resorts Pte Ltd ("KOP H&R"), a related company of KOP Properties Pte Ltd, made an acquisition of Oldenwood S.a.r.l, ("Oldenwood") a company incorporated in Luxembourg. I was appointed as a manager of Oldenwood, and had since resigned as of July 2009.

Oldenwood is the sole shareholder of the six legal entities in the Stein Management Group of companies, five of which were incorporated in Spain and one in USA.

Pursuant to a settlement agreement dated 31 July 2009 between Oldenwood and KOP H&R, it was agreed that, with the exception of two Spanish subsidiaries Luxury Lifestyles Hotels, S.L. and Luxury Lifestyles Magazine, which were being transferred to KOP H&R, the rest of the four subsidiaries would be wound up.

Accordingly, it was envisaged that Oldenwood would also eventually be wound up.
(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
Sometime between 1998 and 2005 when I served as Corporate Secretary of Property King Pte Ltd which was investigated by Commercial Affairs Department (CAD) for breach of Section 76 of the Companies Act, Chapter 50 of Singapore. No charges were made against anyone in the Company and no further action was taken following the investigation.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If Yes, Please provide full details
Ong Chih Ching has undertaken the relevant training in Singapore to familiarise herself with the roles and responsibilities of a director of a public listed company in Singapore.