Change - Announcement of Cessation::CESSATION OF CHIEF EXECUTIVE OFFICER
Issuer & Securities
MAXI-CASH FINANCIAL SERVICES CORPORATION LTD.
MAXI-CASH FIN SVCS CORP LTD - SG2E90982678 - 5UF
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF CHIEF EXECUTIVE OFFICER
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Description (Please provide a detailed description of the event in the box below)
Mdm Koh Lee Hwee ("Mdm Koh") will resign as Chief Executive Officer of the Company and its subsidiaries with effect from 5 January 2015. However, Mdm Koh will remain in office as an Executive Director for a period of up to six (6) months in order to ensure a smooth handover of duties to Mr Ng Leok Cheng, the incoming Chief Executive Officer of the Company.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the Sponsor ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (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 Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.
Name Of Person
Koh Lee Hwee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Resigned on her own accord to pursue personal interest.
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.)
Chief Executive Officer and Executive Director
Role and responsibilities
Mdm Koh is responsible for the strategic planning, overall management and business development of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mdm Koh is the sister of Mr Koh Wee Seng and Mdm Ko Lee Meng. They are all directors and substantial shareholders of Aspial Corporation Limited ("Aspial") through their shareholdings in MLHS Holdings Pte Ltd. Aspial is the controlling shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Mdm Koh is deemed to have an interest in 456,192,000 shares of the Company held by Aspial by virtue of Section 7 of the Companies Act (Chapter 50) of Singapore.
Past (for the last 5 years)
Please refer to attachment.
Please refer to attachment.
Total size =30K