Change - Announcement of Appointment::Appointment of Development Manager who is a relative of a director and substantial shareholder

Issuer & Securities

Issuer/ Manager
FIGTREE HOLDINGS LIMITED
Securities
FIGTREE HOLDINGS LIMITED - SG2G36998349 - 5F4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Oct-2014 18:52:25
Status
New
Announcement Sub Title
Appointment of Development Manager who is a relative of a director and substantial shareholder
Announcement Reference
SG141016OTHRU9UF
Submitted By (Co./ Ind. Name)
Siaw Ken Ket @ Danny Siaw
Designation
Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 11 November 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of 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 Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, Telephone (65) 6229 8088.

Additional Details

Date Of Appointment
16/10/2014
Name Of Person
Tan Kevin
Age
36
Country Of Principal Residence
Australia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has approved the appointment of Kevin Tan for the role of Development Manager in Australia as he possesses the necessary skills, qualifications, knowledge and work experience for the role.
Whether appointment is executive, and if so, the area of responsibility
Appointment is Executive. Oversees the property developments of the Company's subsisdiary companies in Australia.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Development Manager
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Tan Chew Joo (Executive Director and Cost Director and Substantial Shareholder)
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1) Business Development Manager - Tekmedia (January 2004 to October 2006)
2) Marketing Executive - K & C Protective Technologies Pte. Ltd. (January 2007 to October 2007)
3) Contract Manager - Acacia Piling Pte. Ltd. (November 2007 to October 2008)
4) Sales Consultant - The Hour Glass (Australia) Pty Ltd (November 2009 to December 2010)
5) Freelance Property Sale / Rental Consultant (February 2011 to now)
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)
Not applicable
Present
Not applicable
(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?
Yes
If Yes, Please provide full details
I was approached to be appointed as a director of SinWin Services Pte. Ltd. (the "Company") in a potential business opportunity in 2005.
I understand that the Company was set up to pursue the business of promoting and distributing pre-paid telephone cards. As the business was operated and pursued by the other director and owner, my role was purely non-executive in nature. As part of the arrangement, I was also given a minor shareholding in the Company. I subsequently moved to Australia in 2008. As part of my employment search in Australia, I realized I was still a director of the Company and tendered my resignation as a director to the Company in late 2009.
I understand that the Company has already been dissolved under a compulsory winding-up pursuant to a search on the Accounting and Corporate Regulatory Authority.
As I was only assisting with the setting up of the Company, I was not involved in the business of the Company nor its day-to-day affairs and have not been contacted by anyone in relation to the Company or its compulsory winding-up proceedings.
(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?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not applicable