Change - Announcement of Cessation::Resignation of Chairman, Non-Executive Non-Independent Director and Nominating Committee Member

Issuer & Securities

Issuer/ Manager
FRENCKEN GROUP LIMITED
Securities
FRENCKEN GROUP LIMITED - SG1R43925234 - E28
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Aug-2016 17:15:08
Status
New
Announcement Sub Title
Resignation of Chairman, Non-Executive Non-Independent Director and Nominating Committee Member
Announcement Reference
SG160810OTHR50CU
Submitted By (Co./ Ind. Name)
Mohamad Anwar Au
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Chairman, Non-Executive Non-Independent Director and Nominating Committee Member

Additional Details

Name Of Person
Tan Sri Larry Low Hock Peng
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
10/08/2016
Detailed Reason (s) for cessation
Medical Reason
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
20/07/2000
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman, Non-Executive Non-Independent Director, NC Member
Role and responsibilities
Fulfilling the duties, roles and responsibilities as a Chairman, Non-Executive Non-Independent Director and a member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Tan Sri Larry Low Hock Peng is the brother of Mr. Low Heang Thong, a substantial shareholder of Frencken Group Limited.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
200,000 ordinary shares (Direct interest)
42,059,094 ordinary shares (Deemed interest)
Past (for the last 5 years)
Meng Tak Corporation Sdn Bhd
Present
Precico Group Sdn. Bhd.
Coswell Corporation
Coswell International Limited
Golden Bay Holding Sdn. Bhd.
Goldenmark Limited
Impressive Tone Sdn. Bhd.
Ribuan Wangsa Sdn. Bhd.
Wonder Bay Sdn. Bhd.
Strategic Equities Ltd
Casa Rialto Sdn. Bhd.
Eudayasco Sdn. Bhd.
PLB-Wonder Bay Development Sdn. Bhd.