Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
CAPITAL WORLD LIMITED.
Securities
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Nov-2018 17:35:25
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG181116OTHRO64E
Submitted By (Co./ Ind. Name)
Siow Chien Fu
Designation
Executive Director and Chief Executive Officer
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 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 Ms Tan Pei Woon, Senior Manager, 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
16/11/2018
Name Of Person
Yong Dennis
Age
48
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Yong Dennis's extensive experience in property related business will strengthen the management of the Group. The Board of Directors having considered Mr Yong Dennis's qualification and experience, concurred with the Nominating Committee and approved the appointment of Mr Yong Dennis as the Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Mr Yong Dennis will be responsible for the management and operations of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
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)
Nil
Working experience and occupation(s) during the past 10 years
2010 to 2016
Group Chief Executive Officer of GPS Alliance Holdings Limited

2005 to 2010
Chief Operating Officer of HSR International Realtors 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
# 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. Ecobuild Products Pte Ltd
2. GPS Alliance Home Solutions Pte Ltd
3. GPS Alliance Holdings Pte Ltd
4. GPS Alliance Development & Investment Pte Ltd
5. Global Property Strategic Alliance Pte Ltd
6. Novel Praxis Pte Ltd
7. Probuild Pte Ltd
8. Global Alliance International Academy Pte Ltd
9. Homz Lifestyle Pte Ltd
10. Global Alliance Property Pte Ltd
11. GPS Alliance Holdings Limited
Present
1. Huge Development Pte Ltd
2. Batterjee Ad Gates Investment Holding Pte. Ltd.
3. Charmtechno Private Ltd
4. Ebn Pte Ltd
5. Hesed Property Private Limited
6. BKM Management Limited
(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?
Yes
If Yes, Please provide full details
Yong Dennis was subject to criminal proceedings in Singapore in or around August 2000 for charges relating to commission of the offence of criminal misappropriation of funds in his capacity as a director and shareholder of an entity unrelated to Capital World Limited. Yong Dennis was convicted and the court imposed a fine of $10,000 which was duly paid. The case was closed thereafter. In May 2013 on listing application by GPS Alliance Holdings Limited to the Australian Stock Exchange (ASX), the ASX made an in-principal determination that the conviction of Yong Dennis, which happened more than 10 years ago, would not by itself cause the ASX to form the view that GPS Alliance Holdings Limited had not demonstrated to the ASX's satisfaction that Yong Dennis is a person of good fame and character.
(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
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Companies listed on Australia Stock Exchange :

1) GPS Alliance Holdings Limited (Listed on Australia Stock Exchange)(Past)


2) BKM Management Limited (Listed on Australia Stock Exchange) (Present)

As Mr Yong Dennis does not have prior experience as a director of an issuer listed on Singapore Exchange, he will be attending training on the roles and responsibilities of a director of a listed issuer in Singapore.