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

Issuer & Securities

Issuer/ Manager
HONG LEONG ASIA LTD.
Securities
HONG LEONG ASIA LTD. - SG1F76860344 - H22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Dec-2018 18:44:06
Status
New
Announcement Sub Title
Appointment of Director and Chief Executive Officer
Announcement Reference
SG181210OTHRIKUI
Submitted By (Co./ Ind. Name)
Ng Siew Ping, Jaslin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Eng Kwee as a Director and Chief Executive Officer of the Company.

Additional Details

Date Of Appointment
10-Dec-2018
Name Of Person
Tan Eng Kwee
Age
64
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Tan's appointment as Director will take effect from 10 December 2018. Pending the departure of the current Chief Executive Officer ("CEO"), Mr Philip Ting, from the Company on 6 January 2019, Mr Tan will join the Company as CEO-Designate of the Company on 10 December 2018 to allow for a smooth transition in the role of the CEO, which responsibilities he will assume in full with effect from 7 January 2019. The Nominating Committee had recommended, and the Board had approved, Mr Tan's appointment after taking into consideration his qualifications and indepth working experience garnered from the senior management positions he had held throughout his career. The Board is of the view that with Mr Tan's extensive corporate and financial experience, he will be able to make positive contributions to the Group.
Whether appointment is executive, and if so, the area of responsibility
The appointment is an executive position. Mr Tan Eng Kwee will be overall responsible for the management and direction of the Group's business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
August 2016 to December 2018 - Independent financial consultant to various companies

July 2015 to July 2016 - Executive Director and Chief Financial Officer ("CFO") of Epsilon Global Communications Pte. Ltd.

April 2013 to September 2014 - CFO of Dynapack Asia Pte. Ltd.

December 2011 to April 2013 - Chief Operating Officer of Perennial China Retail Trust Management Pte. Ltd. and Executive Vice President of Perennial Real Estate Pte. Ltd.

October 2008 to November 2011 - CFO of Hong Leong Asia 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?
Yes
Shareholding Details
1,000 ordinary shares of Hong Leong Asia Ltd. held directly by Tan Eng Kwee
# 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)
Gen1sys Pte. Ltd.
Present
None
(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?
Yes
If Yes, Please provide details of prior experience
Mr Tan Eng Kwee was formerly a director of the following companies:
RMCA Reinsurance Ltd
China Yuchai International Limited