Change - Announcement of Appointment::Appointment of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
UNITED ENGINEERS LIMITED
Securities
UNITED ENGINEERS LTD ORD - SG1K25001639 - U04
UNITED ENGINEERS 7.5% CUM PREF - SG2K18002445 - U05
UTDENGINEERSS$150M3.68%N210601 - SG73B3000008 - 4D9B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Sep-2017 22:05:07
Status
New
Announcement Sub Title
Appointment of Independent and Non-Executive Director
Announcement Reference
SG170919OTHRW4JJ
Submitted By (Co./ Ind. Name)
Tan Chee Keong Roy
Designation
Group Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent and Non-Executive Director

Additional Details

Date Of Appointment
19/09/2017
Name Of Person
Lee Suan Hiang
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has considered the recommendation of the Nominating Committee and is of the view that Mr Lee has the requisite qualifications, capabilities and experience to assume the role of Independent and Non-Executive Director of United Engineers Limited.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1) From 2011 to 2016
Chief Executive
Real Estate Developers' Association of Singapore

2) From 2003 to 2009
Chief Executive
National Arts Council
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Please refer to Annexure 1.
Present
Please refer to Annexure 1.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
Yes
If Yes, Please provide full details
In May 2015, Mr Lee received a 'supervisory warning' by the MAS for failing to notify a listed corporation (of which he was a director) of changes in his interest in the securities of the corporation within two business days of acquisition of the interest, as required under section 133 of the Securities and Futures Act, Chapter 289 of Singapore. In the letter issued by the MAS, the MAS indicated its position not to take further regulatory action in respect of the matter.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Lee Suan Hiang is/was a Director in the following listed companies:

Current
1) Anacle System Limited

2) CITIC Envirotech Ltd

3) Advance SCT Limited

4) Perennial Real Estate Holdings Limited

5) Viking Offshore and Marine Limited

Past
1) Memstar Technology Ltd.

Attachments

Annexure 1_Lee Suan Hiang.pdf
Total size =28K