Change - Announcement of Appointment::Appointment of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
SBI OFFSHORE LIMITED
Securities
SBI OFFSHORE LIMITED - SG1Y97950360 - 5PL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Nov-2017 17:51:10
Status
New
Announcement Sub Title
Appointment of Chief Operating Officer
Announcement Reference
SG171108OTHRW6JW
Submitted By (Co./ Ind. Name)
Mirzan Bin Mahathir
Designation
Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of SBI Offshore Limited ("SBI" or the "Company" together with its subsidiaries, the "Group") wishes to announce the appointment of Mr Mark Leong Kei Wei as Chief Operating Officer of the Company with effect from 8 November 2017.
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This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
08/11/2017
Name Of Person
Mark Leong Kei Wei
Age
41
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of SBI Offshore Limited (the "Company") having reviewed and considered the qualifications and working experience of Mr Mark Leong Kei Wei ("Mr Mark Leong"), has approved the appointment of Mr Mark Leong as the Chief Operating Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
This appointment is executive. Mr Mark Leong's role is to assist the Executive Chairman in the overall management of the Company in particular seeking and assisting strategic investment opportunities.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1. May 2017 - Present
MDR Limited, Lead Independent Director and Chairman of the Audit Committee

2. September 2017 - Present
KLW Holdings Limited, Independent Director and Chairman of the Audit Committee

3. March 2017 - Present
CNMC Pulai Mining Sdn Bhd, Corporate Advisor

4. April 2013 - Present
Avalon Capital Pte Ltd, Founder

5. January 2016 - February 2017
Pulai Mining Sdn Bhd, Executive Director (Dual role of Chief Executive Officer ("CEO") and Chief Financial Officer)

6. August 2016 - April 2017
Advance SCT Limited, Lead Independent Director and Chairman of the Audit Committee

7. May 2012 - March 2013
Colossus Holdings Pte Ltd, Vice President - Finance & Investment

8. January 2010 - April 2012
Atos Wellness Ltd, Chief Development Officer/ Deputy CEO

9. October 2007 - December 2009
Kreuz International Pte Ltd, Chief Financial Officer
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)
ATW Holdings Limited (formerly known as Atos Wellness Ltd)
Advanced SCT Limited
Pulai Mining Sdn Bhd
T8 Investments Pte Ltd
Cosmo Consortium Pte Ltd
Cosmo Real Estate Pte Ltd
Present
MDR Limited
KLW Holdings Limited
Avalon Capital Pte Ltd
East Indonesia Mining Pte Ltd
PT Selatan Arc Mineral
Top Mining Limited
(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?
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.