Change - Announcement of Cessation::Retirement of Group Financial Controller
Issuer & Securities
MEGROUP LTD. - SGXE43386122 - SJY
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Group Financial Controller
Submitted By (Co./ Ind. Name)
Wong Cheong Chee
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Based on its enquiries, the Sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor") is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of Mr Zainal Bin Abdul Hadi as the Group Financial Controller.
This announcement has been reviewed by the Sponsor in accordance with Rule 226(2)(b) of the Catalist Rules. 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 Eric Wong, Director, Investment Banking, Singapore. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115.
Name Of Person
Zainal Bin Abdul Hadi
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Retire and pursue other interests. The Board of Directors thanks Mr Zainal for his dedicated service and contributions to the MeGroup and wishes him success in his future endeavours. Mr Zainal remains as Group Financial Controller until his retirement takes effect on 31 December 2019.
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.)
Group Financial Controller
Role and responsibilities
As the Group Financial Controller, Mr Zainal is responsible for overseeing the financial reporting and accounting as well as corporate matters of Megroup.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)