Change - Announcement of Cessation::RESIGNATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
VGO CORPORATION LIMITED
Securities
VGO CORPORATION LIMITED - SG2D90976473 - PH0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jan-2017 19:16:27
Status
New
Announcement Sub Title
RESIGNATION OF DIRECTOR
Announcement Reference
SG170124OTHR7FCQ
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Director

Additional Details

Name Of Person
GOH CHING WAH
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
24/01/2017
Detailed Reason (s) for cessation
Pursuant to Sale and Purchase Agreement dated 6 June 2016 and 6 September 2016 entered between the Company and Colin, Tan June Teng and Edwin Tan Ping Huang, for the acquisition of the entire share capital of Sky Win Management Consultancy Pte Ltd ("Proposed Acquisition"). It is a Condition Precedent that Mr Goh Ching Wah resigned as an Executive Director of the Company upon completion of the Proposed Acquisition.
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
25/05/2002
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive. Overall Management of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother of Executive Director of Mr Goh Ching Huat and Mr Goh Ching Lai
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Goh Ching Wah has 21.80% direct shareholding and 40.89% deemed shareholding in VGO Corporation Limited
Past (for the last 5 years)
NIL
Present
1. Internet Technology Group Pte Ltd
2. VGO Corporation Limited
3. Ossia International Limited
4. Pertama Holdings Pte Ltd
5. Harvey Norman Ossia (Asia) Pte Ltd
6. Black Diamond Capital Pte. Ltd.
7. WLH Holdings Pte Ltd
8. GJS Group Pte Ltd
9. Loama Maamigili Development Pte Ltd
10. ITG Development Pte Ltd
11. Ossia Holdings Pte Ltd