Change - Announcement of Appointment::Appointment of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
E2-CAPITAL HOLDINGS LIMITED
Securities
E2-CAPITAL HOLDINGS LIMITED - SG1CB5000005 - 42S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Nov-2015 23:21:06
Status
New
Announcement Sub Title
Appointment of Executive Director and Chief Executive Officer
Announcement Reference
SG151119OTHRAUIM
Submitted By (Co./ Ind. Name)
Cheng Lisa
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director and Chief Executive Officer

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (+65) 6229 8088.

Additional Details

Date Of Appointment
19/11/2015
Name Of Person
Dato' Zamani Bin Kasim
Age
61
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Pursuant to the terms of the conditional sale and purchase agreement dated 17 September 2014 (as amended and supplemented by the supplemental sale and purchase agreement dated 6 May 2015 and the further supplemental sale and purchase agreement dated 21 August 2015) entered into between the Company, the Astaka Padu Limited ("APL") Shareholders and the APL Ultimate Shareholders for the sale by the APL Shareholders and the purchase by the Company of the Economic Interest for the Consideration (the "Proposed Acquisition") and shareholders' approval at the Extraordinary General Meeting held on 26 October 2015, Dato' Zamani Bin Kasim who is presently the Executive Director and CEO of APL and its wholly owned subsidiary, Astaka Padu Sdn Bhd (the "Astaka Group"), is appointed an Executive Director and CEO of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Dato' Zamani is responsible for charting and reviewing corporate directions and strategies, which cover areas of marketing and strategic alliances and providing the Company with strong leadership and vision.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
1. Seaview Global Vision Sdn Bhd ("Seaview Global")

I hold 0.1% of the shareholding interests in Seaview Global and was appointed as Executive Director of Seaview Global on 23 December 2013.

Seaview Global is in discussions with UEM Sunrise Berhad and the State Government of Johor to acquire a plot of land in Puteri Harbour, the Iskandar region of Johor, Malaysia ("Puteri Harbour Land") to develop a mixed-use development. Seaview Global had received a letter of offer dated 30 October 2014 from UEM Sunrise Berhad in respect of a portion of the Puteri Harbour Land and is still in discussion with the State Government of Johor in respect of the remaining portion of the Puteri Harbour Land.

2. Saling Syabas Sdn Bhd ("Saling Syabas")

I hold 50.0% of the issued and paid-up share capital in Saling Syabas, and I was appointed as the Executive Director of Saling Syabas on 8 April 2015.

Saling Syabas is in the midst of negotiating with the State Government of Johor for a development project on plots of state-owned land in Kota Tinggi, Johor, Malaysia.
Working experience and occupation(s) during the past 10 years
1997 to 2000 - Azrahi Project Management Sdn Bhd - Project Director
2004 to 2006 - Seloga Holdings Bhd - General Manager
2006 to 2010 - UEM Land Bhd - Senior General Manager
2010 to 2012 - Denia Development Sdn Bhd - Chief Executive Officer
2010 to 2012 - Seloga Holdings Bhd - Chief Operating Officer
2012 to Present - Astaka Padu Limited and Astaka Padu Sdn Bhd - Director
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
1. Lambaian Pumpun Sdn. Bhd.
2. Definite Spectrum Sdn. Bhd.
3. Definite Majestic Sdn. Bhd.
4. Seloga Engineering Sdn. Bhd.
5. Bibingan Bernas Sdn. Bhd.
6. Alaza Development Sdn. Bhd.
7. Seaview Property and Management Sdn. Bhd.
Present
1. Astaka Padu Limited
2. Astaka Padu Sdn Bhd
3. Seaview Global Vision Sdn. Bhd.
4. Hexaford Sdn Bhd
5. Saling Syabas Sdn Bhd
(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
Disclosure applicable to the appointment of Director only.
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
Dato' Zamani has undertaken the relevant training in Singapore to familiarise himself with the roles and responsibilities of a director of a public listed company in Singapore.