Change - Announcement of Cessation::RESIGNATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
VGO CORPORATION LIMITED
Securities
VGO CORPORATION LIMITED - SG2D90976473 - PH0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jan-2017 19:17:25
Status
New
Announcement Sub Title
RESIGNATION OF DIRECTOR
Announcement Reference
SG170124OTHR5J1S
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Director

Additional Details

Name Of Person
WONG KING KHENG
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
24/01/2017
Detailed Reason (s) for cessation
Pursuant to Sale and Purchase Agreement dated 6 June 2016 and 6 September 2016 entered between the Company and Colin, Tan June Teng and Edwin Tan Ping Huang, for the acquisition of the entire share capital of Sky Win Management Consultancy Pte Ltd ("Proposed Acquisition"). It is a Condition Precedent that Mr Wong King Kheng resigned as a Lead Independent Director of the Company upon completion of the Proposed Acquisition.
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
25/05/2002
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee, members of Nominating and Remuneration Committees
Role and responsibilities
Lead Independent Director, Chairman of Audit Committee, members of Nominating and Remuneration Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Portek International Private Limited
Present
1. Internet Technology Group Pte Ltd
2. VGO Corporation Limited
3. Ossia International Limited
4. Soh & Wong Management Consultants Pte Ltd
5. The Business Exchange Pte Ltd
6. In-Tec Global Pte Ltd H2SG Energy Pte Ltd
7. H2SG Technology Pte Ltd
8. LAWP Private Ltd
9. H2SG Energy (AUS) Pty Ltd
10. Tiong Woon Corporation Holding Ltd
11.JCY International Bhd
12. JCY HDD Technology Group Pte. Ltd.