Change - Announcement of Cessation::Cessation of Executive Officer

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Oct-2019 18:42:30
Announcement Sub Title
Cessation of Executive Officer
Announcement Reference
Submitted By (Co./ Ind. Name)
Lee Bee Fong
Company Secretary
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, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and 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:-
Name: Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619
Telephone: 6381 6757

Additional Details

Name Of Person
Chin Rui Shan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ms Chin Rui Shan ("Ms Chin") has resigned as Overseas Finance Director of the Group to pursue her personal interest. Ms Chin tendered her resignation on 12 September 2019, but was requested to reconsider. Ms Chin agreed to reconsider subject to that in the event she decided to proceed with her resignation, the notice period of one (1) month shall be deemed to be effective from 12 September 2019. Ms Chin decided to proceed with her resignation and notified the Board and the Sponsor of her resignation on 11 October 2019 and her last day to be on 14 October 2019.

The Sponsor, after having interviewed Ms Chin, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Ms Chin as the Overseas Finance Director of the Group.

Mr Sonny Wing Doug Wong, who is the existing Project Director of the Company, has been working closely with Ms Chin and shall take over with the finalisation of the Company s projects.
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.)
Overseas Finance Director
Role and responsibilities
Overseeing the Group's overseas projects' finance and administrative matters including purchasing of construction materials.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
- Sister of Mr Chin Rui Xiang, Executive Director of the Company
- Daughter of Mr Chin Bay Ching, Controlling Shareholder of the Company
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)