Change - Announcement of Cessation::Cessation of Group COO, Perennial Real Estate Holdings Limited and CEO, Perennial Healthcare

Issuer & Securities

Issuer/ Manager
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Securities
PERENNIAL REAL ESTATE HLDGSLTD - SG1AD8000002 - 40S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Feb-2019 17:13:20
Status
New
Announcement Sub Title
Cessation of Group COO, Perennial Real Estate Holdings Limited and CEO, Perennial Healthcare
Announcement Reference
SG190227OTHRY6RB
Submitted By (Co./ Ind. Name)
Sim Ai Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Group Chief Operating Officer, Perennial Real Estate Holdings Limited and Chief Executive Officer, Perennial Healthcare Pte. Ltd. ("Perennial Healthcare")

Additional Details

Name Of Person
Liak Teng Lit
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2019
Detailed Reason (s) for cessation
To devote more time to serve in his various roles in the public, private and people sectors. Mr Liak will be appointed as Advisor of Perennial Healthcare with effect from 1 March 2019.
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
06/03/2017
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Operating Officer, Perennial Real Estate Holdings Limited and Chief Executive Officer, Perennial Healthcare Pte. Ltd.
Role and responsibilities
As Group Chief Operating Officer, Mr Liak assists Mr Pua Seck Guan, Chief Executive Officer ("CEO") of Perennial Real Estate Holdings Limited ("Perennial"), to oversee and manage the general business of Perennial. As CEO of Perennial Healthcare Pte. Ltd., Mr Liak assists Mr Pua to provide strategic leadership in the development and management of Perennial's healthcare businesses in Singapore and China.
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
Past (for the last 5 years)
See Appendix 2
Present
See Appendix 1

Attachments

Mr Liak Appendix 1 Present Directorships.pdf
Mr Liak Appendix 2 past 5 yrs.pdf
Total size =357K