Change - Announcement of Cessation::Cessation of the Head of Investment
Issuer & Securities
HIAP HOE LIMITED
HIAP HOE LIMITED - SG1U37933462 - 5JK
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of the Head of Investment
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to below details.
Name Of Person
Teo Li Yin, Mabel
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue another job opportunity.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Investment
Role and responsibilities
Ms Teo is responsible for making financial investment decisions and managing the Group's portfolio of financial investments.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Ms Teo is the daughter of the Chief Executive Officer, Mr Teo Ho Beng and also the sister of the Executive Director, Mr Teo Keng Joo, Marc.
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Meteorite Assets Pte. Ltd.
Meteorite Land (Rowe Avenue) Pty Ltd
Golden Bay Realty (Private) Limited
Hiap Hoe Asset Management Pte. Ltd.
Hiap Hoe Capital Pte. Ltd.