Change - Announcement of Appointment::Appointment of Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
ADVENTUS HOLDINGS LIMITED
Securities
ADVENTUS HOLDINGS LIMITED - SG1P24916816 - 5EF

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Jul-2014 18:58:27
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Director
Announcement Reference
SG140725OTHRKK51
Submitted By (Co./ Ind. Name)
Lee Bee Fong
Designation
Company Secretary
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, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Bernard Lui.
Telephone number: 6389 3000 Email: bernard.lui@stamfordlaw.com.sg

Additional Details

Date Of Appointment
25/07/2014
Name Of Person
Loh Eu Tse Derek
Age
48
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Loh Eu Tse ("Mr Loh") as a non-executive independent director was recommended by the Nominating Committee. The Board has reviewed, assessed and concluded that Mr Loh possesses the requisite experience and capabilities to carry our his duties. The Board is of the view that Mr Loh is able to contribute towards the core competences of the Board of Directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
No Applicable
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive independent director, Chairman of Nominating Committee, member of Audit Committee and member of Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not Applicable
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Loh has been practising law for the past 18 years. He is presently an executive director in TSMP Law Corporation.
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)
i) Dragon Group International Limited and ii) Friven & Co. Ltd
Present
i) Vibrant Group Limited (Formerly known as "Freight Links Express Holdings Ltd"); ii) Metech International Limited and iii) Vietnam Enterprise Investments 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?
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
Yes
If Yes, Please provide full details
I was a non-executive director of a company which was investigated by the Commercial Affairs Department for a breach of the Companies Act. However this investigation was closed without further action. It was a technical non-compliance involving no dishonesty or fraud on the part of the Board of Directors.
(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?
Yes
If Yes, Please provide full details
Same as (j)(i). I was a non-executive director of a company which was investigated by the Commercial Affairs Department for a breach of the Companies Act. However this investigation was closed without further action. It was a technical non-compliance involving no dishonesty or fraud on the part of the Board of Directors.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
- Vibrant Group Limited (Formerly known as "Freight Links Express Holdings Ltd")
- Metech International Limited
- Vietnam Enterprise Investments Limited
- Dragon Group International Limited
- Friven & Co. Ltd