Change - Announcement of Cessation::CESSATION OF EXECUTIVE DEPUTY CHAIRMAN

Issuer & Securities

Issuer/ Manager
CHIP ENG SENG CORPORATION LTD.
Securities
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Dec-2014 17:23:43
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DEPUTY CHAIRMAN
Announcement Reference
SG141223OTHR0QB5
Submitted By (Co./ Ind. Name)
Chia Lee Meng Raymond
Designation
Executive Deputy Chairman and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Mr Chia Lee Meng Raymond will step down as Executive Deputy Chairman of the Company with effect from 31 December 2014. However, Mr Chia will stay on with the Company till 31 March 2015 to assist in the transition of his duties to Mr Hoon Tai Meng, the Executive Director of the Company.

Additional Details

Name Of Person
Chia Lee Meng Raymond
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2014
Detailed Reason (s) for cessation
Resigned on own accord in order to persue personal interests.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/01/2013
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Deputy Chairman, Group Chief Executive Officer and Executive Director.
Role and responsibilities
Responsible for the Group's overall strategic planning, investment decisions and management and operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chia is the son-in-law of Mr Lim Tiam Seng, the Executive Chairman and a substantial shareholder of the Company.

Mr Chia is the nephew-in-law of Mr Lim Tiang Chuan, the Executive Deputy Chairman and a substantial shareholder of the Company

Mr Chia is the brother-in-law of Ms Dawn Lim Sock Kiang, an Executive Director of the Company.

Mr Chia is the husband of Ms Judy Lim Sock Joo, a Director of CEL Development Pte. Ltd.

Mr Chia is the nephew-in-law of Mr Lim Tian Back, a Director of Chip Eng Seng Contractors (1988) Pte. Ltd., Evervit Development Pte. Ltd. and CES Engineering and Construction Pte. Ltd.

Mr Chia is the nephew-in-law of Mr Lim Tian Moh, a Director of CES-Precast Pte. Ltd. and Chip Eng Seng Contractors (1988) Pte. Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 6,125,000 ordinary shares and deemed interest in 19,702,000 ordinary shares in Chip Eng Seng Corporation Ltd.
Past (for the last 5 years)
Nil
Present
Please see attached.

Attachments

Raymond_List of Directorship_Latest.pdf
Total size =109K