Change - Announcement of Cessation::Cessation of Executive Director
Issuer & Securities
CAPITAL WORLD LIMITED.
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Siow Chien Fu
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") in accordance with Rules 226(2)(b) and 753(2) 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. 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 Gillian Goh, Director, Head of Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email: firstname.lastname@example.org).
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other business opportunities.
After having interviewed Yong Dennis and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Yong Dennis as the 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.)
Role and responsibilities
Mr Yong Dennis was responsible for the management and operations 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)
1. Ecobuild Products Pte Ltd
2. GPS Alliance Home Solutions Pte Ltd
3. GPS Alliance Holdings Pte Ltd
4. GPS Alliance Development & Investment Pte Ltd
5. Global Property Strategic Alliance Pte Ltd
6. Novel Praxis Pte Ltd
7. Probuild Pte Ltd
8. Global Alliance International Academy Pte Ltd
9. Homz Lifestyle Pte Ltd
10. Global Alliance Property Pte Ltd
11. GPS Alliance Holdings Limited
1. Huge Development Pte Ltd
2. Batterjee Ad Gates Investment Holding Pte. Ltd.
3. Charmtechno Private Ltd
4. Ebn Pte Ltd
5. Hesed Property Private Limited
6. BKM Management Limited