Change - Announcement of Cessation::Resignation as Executive Director and Chief Executive Officer of the Trustee-Manager

Issuer & Securities

Issuer/ Manager
FORTERRA REAL ESTATE PTE. LTD.
Securities
FORTERRA TRUST - SG2B67958415 - LG2U

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-May-2014 21:09:05
Status
New
Announcement Sub Title
Resignation as Executive Director and Chief Executive Officer of the Trustee-Manager
Announcement Reference
SG140526OTHRA5YN
Submitted By (Co./ Ind. Name)
Richard Ding
Designation
General Counsel
Effective Date and Time of the event
26/05/2014 19:00:00
Description (Please provide a detailed description of the event in the box below)
With effect from today, Mr. Seah Choo has resigned as an Executive Director of the Trustee-Manager, and also resigned as Chief Executive Officer.
Mr. Seah Choo was appointed as Chief Executive Officer on 4 November 2013 and as Executive Director on 22 November 2013.

Additional Details

Name Of Person
SEAH Choo
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
26/05/2014
Detailed Reason (s) for cessation
Resignation; to pursue his personal interests.
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
04/11/2013
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
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Role and responsibilities
Executive Director and Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Forterra Real Estate Pte. Ltd.
Present
Treasury Holdings (Shanghai) Property Management Co., Ltd; Qingdao Sanyang Real Estate Co., Ltd