Change - Announcement of Appointment::Appointment of Non-Executive and Lead Independent Director,Chairman of AC,NC & RC Member-Basil Chan

Issuer & Securities

Issuer/ Manager
SHC CAPITAL ASIA LIMITED
Securities
SHC CAPITAL ASIA LIMITED - SG1EB7000009 - 1H4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Dec-2017 23:48:45
Status
New
Announcement Sub Title
Appointment of Non-Executive and Lead Independent Director,Chairman of AC,NC & RC Member-Basil Chan
Announcement Reference
SG171226OTHRI4L6
Submitted By (Co./ Ind. Name)
Serge Pun
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited 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 Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Date Of Appointment
26/12/2017
Name Of Person
Basil Chan
Age
66
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Following the completion of the proposed acquisition of 100% equity interests in MM Myanmar Pte. Ltd. from Yoma Strategic Investments Ltd., First Myanmar Investment Company Limited and Exemplary Ventures Limited, Mr Basil Chan was appointed to the Board as part of the re-constitution of the composition of the Board of Directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Lead Independent Director, Chairman of Audit Committee ("AC") and Nominating Committee ("NC") and a member of Remuneration Committee ("RC")
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Lead Independent Director, Chairman of AC and NC and a member of RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2003 - Present
Managing Director
MBE Corporate Advisory Pte Ltd
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
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)
Singapore Institute of Directors
MBE Capital Pte. Ltd.
Teledata (Singapore) Limited
SBI Offshore Limited
Singapore eDevelopment Ltd. (formerly CCM Group Limited)
Yoma Strategic Holdings Ltd.
Present
AEM Holdings Limited
Grand Banks Yachts Limited
Global Invacom Group Limited
MBE Corporate Advisory Pte. Ltd.
(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
Yes
If Yes, Please provide full details
Please refer to the Circular of the Company dated 20 November 2017.
(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?
Yes
If Yes, Please provide full details
Please refer to the Circular of the Company dated 20 November 2017.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Basil Chan was previously a director of the following public listed companies:
-Teledata (Singapore) Limited
-Lindeteves-Jacoberg Limited
-Westech Electronics Limited
-RSH Limited (delisted on 15 October 2010)
-Seroja Investments Limited
-AEM Holdings Limited
-Yoma Strategic Holdings Ltd
-Grand Banks Yachts Limited
-Global Invacom Group Limited
-Singapore eDevelopment Limited (formerly known as CCM Group Limited)
-Stratech Systems Limited
-SBI Offshore Limited