Change - Announcement of Appointment::Director of Principal Subsidiary

Issuer & Securities

Issuer/ Manager
RAFFLES UNITED HOLDINGS LTD.
Securities
RAFFLES UNITED HOLDINGS LTD. - SG1C10012922 - K22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Feb-2015 17:54:50
Status
New
Announcement Sub Title
Director of Principal Subsidiary
Announcement Reference
SG150225OTHR16PW
Submitted By (Co./ Ind. Name)
Teo Teng Beng
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Director of Principal Subsidiary who is a Substantial Shareholder and a Relative of a Director

Additional Details

Date Of Appointment
31/07/2014
Name Of Person
Teo Xian-Hui Amanda Marie
Age
32
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board and the Remuneration Committee assessed and considered the academic qualifications, working experience and capabilities of Ms Teo and concurred with management's proposal on her appointment as Executive Secretariat for Raffles United Holdings Ltd ( RUH) with effect from 1 August 2014.

Ms Teo was appointed as Director of Raffles Land & Investments Pte Ltd ( RLI ) with effect from 31 July 2014.

RLI was incorporated on 30 July 2014 and completed the acquisition of properties located at 1, Sophia Road #01-01/02/03/04/05/06/07/08, Singapore 228149 on 30 December 2014. The Board expects RLI to become a principal subsidiary by the end of 2015.
Whether appointment is executive, and if so, the area of responsibility
Executive role, assists in property investment division including bank financing issues and corporate issues for the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Secretariat for RUH and Director of RLI
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Daughter of Teo Teng Beng, Managing Director of RUH
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
1. Nov 2006 to Mar 2008: Personal Banker at United Overseas Bank
2. Apr 2008 to Apr 2010: Executive Secretary, Group Operations at Kian Ho Bearings Ltd
3. 2008-present: Overseeing the management of private investment holding/property companies
4. Apr 2010-Present: Head, Business Development at Raffles Money Change Pte Ltd
5. Aug 2014-Present: Executive Secretariat at Raffles United Holdings Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
0.05% direct interest and 65.54% deemed interest in the Company through Raffles United Pte Ltd ( RU ) because of the 50% shareholding of Ms Teo in RU.
# 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)
NA
Present
NA
(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
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
Non applicable as she is a director of a principal subsidiary