Change - Announcement of Cessation::Cessation of Operation Director of Precision Engineering Division

Issuer & Securities

Issuer/ Manager
SANTAK HOLDINGS LIMITED
Securities
SANTAK HOLDINGS LIMITED - SG1J68891147 - 580
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jun-2022 17:32:48
Status
New
Announcement Sub Title
Cessation of Operation Director of Precision Engineering Division
Announcement Reference
SG220615OTHRLQH5
Submitted By (Co./ Ind. Name)
Lai Foon Kuen
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Operation Director of Precision Engineering Division.

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor").

It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms Foo Quee Yin, at 160 Robinson Road #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271.

Additional Details

Name Of Person
Loo Hwee Beng
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
03/07/2022
Detailed Reason (s) for cessation
Mr. Loo Hwee Beng is resigning pursuant to age reason and to explore other opportunities.

After having interviewed Mr Loo Hwee Beng and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Loo Hwee Beng as Operation Director of Precision Engineering Division.
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
01/08/2005
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Operation Director of Precision Engineering Division.
Role and responsibilities
Manages production, production engineering, materials, quality assurance, engineering, maintenance and sustainability
functions in Precision Engineering Division.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
341000
Past (for the last 5 years)
None
Present
None