Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
AVARGA LIMITED - SG1K55001665 - U09
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Chief Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Dato' Seri Kalimullah Bin Masheerul Hassan ("Dato' Seri Kalimullah") as independent director of the Company.
Name Of Person
Kalimullah Bin Masheerul Hassan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
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.)
Independent Director, Chairman of the Nominating Committee, Member of the (1) Audit and Risk Management Committee; and (2) Remuneration Committee.
Role and responsibilities
Dato' Seri Kalimullah is an independent director of the Company, chairman of the Nominating Committee and member of the (1) Audit and Risk Management Committee; and (2) Remuneration Committee.
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?
- 30,000,000 ordinary shares (deemed interested in the shares held by Maples Venture Capital Limited)
Past (for the last 5 years)
1. Selat PD Sdn Bhd
2. Rantau Prasarana Sdn Bhd
3. New Metro Ventures Limited
4. PT Graha Sahari Multitalenta
5. UM Specialist Centre Sdn Bhd
6. Yayasan Tunku Abdul Rahman
1. ECM Libra Group Berhad (formerly known as ECM Libra Financial Group Berhad)
2. ECM Lbra Holdings Sdn Bhd
3. ECM Libra Partners Sdn Bhd
4. Tune Hotels.Com Limited (Labuan)
5. Tune Hotels Sdn Bhd
6. Tulus Tenaga Sdn Bhd
7. Maples Venture Capital Limited
8. Positive Carry Ltd
9. KMH Inv Holdings Sdn Bhd
10. Noblemen Holdings Sdn Bhd
11. Epsom College Malaysia Sdn Bhd
12. ECM Libra Foundation
13. Aero Ventures Sdn Bhd (in member's voluntary liquidation)
14. Palma Indigo Sdn Bhd (in member's voluntary liquidation)
15. Old Rangoon Arts Sdn Bhd (striking off)
16. Elan Couture Sdn Bhd (striking off)