Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR AND NEW MEMBER OF THE BOARD COMMITTEE

Issuer & Securities

Issuer/ Manager
SAKAE HOLDINGS LTD.
Securities
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jan-2019 19:09:04
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR AND NEW MEMBER OF THE BOARD COMMITTEE
Announcement Reference
SG190128OTHR4C6B
Submitted By (Co./ Ind. Name)
Shu Kwan Chyuan
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sakae Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the appointment of Mr Foo Maw Shen as Non-Executive and Independent Director of the Company with effect from 28 January 2019.

Mr Foo Maw Shen has also been appointed as a Chairman of Nominating Committee and as a member of the Audit Committee with effect from 28 January 2019.

Additional Details

Date Of Appointment
28/01/2019
Name Of Person
Foo Maw Shen
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of Sakae Holdings Ltd. (the "Company") having reviewed and considered the qualification and working experience of Mr Foo Maw Shen, has unanimously approved the appointment of Mr Foo Maw Shen as Non-Executive and Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee and member of the Audit Committee.
Professional qualifications
Advocate & Solicitor, Singapore

Fellow, Insolvency Practitioners Association of Singapore
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil, save for acting for Mr Douglas Foo Peow Yong in Suit No: HC/S 1116/2018 since 15 January 2019.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2007 to present: Senior Partner, Dentons Rodyk & Davidson LLP

Mr Foo Maw Shen is a senior partner in Dentons Rodyk & Davidson LLP's Litigation & Arbitration Practice Group and is actively involved in the firm's China Practice. He has over 20 years of extensive experience in commercial litigation, with particular emphasis on restructuring, insolvency litigation, shareholders' disputes, commercial fraud, trust laws and litigation involving gaming issues.
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?
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)
N/A
Present
Multi-Chem 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
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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Independent Director of Multi-Chem Limited since 31 July 2014