Change - Announcement of Cessation::RETIREMENT OF DIRECTOR

Issuer & Securities

Issuer/ Manager
ASIASONS CAPITAL LIMITED
Securities
ASIASONS CAPITAL LIMITED - SG1P94920060 - 5ET

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2014 20:48:18
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR
Announcement Reference
SG140428OTHRTADB
Submitted By (Co./ Ind. Name)
ELAINE WONG WEI SYN
Designation
JOINT COMPANY SECRETARY
Effective Date and Time of the event
28/04/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Lee Teck Leng as Director of the Company.

Additional Details

Name Of Person
LEE TECK LENG
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2014
Detailed Reason (s) for cessation
Mr. Lee Teck Leng retired at the conclusion of the Company's Annual General Meeting as he had expressed his intention not to seek for re-election.
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
05/07/2010
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1) Independent Non-Executive Director;
2) Chairman of Nominating Committee;
3) Member of Audit Committee and Remuneration Committee
Role and responsibilities
1) Independent Non-Executive Director;
2) Chairman of Nominating Committee;
3) Member of Audit Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Equation Corporation Ltd, listed on Catalist (from 02/11/2008 to 01/09/2011), Weekly Marine Services Pte Ltd (a subsidiary of Equation Corporation Ltd), Equation Recycling Pte Ltd (a subsidiary of Equation Corporation Ltd), FA Systems Automation (S) Pte Ltd and Legal Clinic LLC
Present
United Food Holdings Ltd, Lee Chambers LLC and Advance Integrated Manufacturing Corp Ltd