Change - Announcement of Cessation::Cessation as Director of a Principal Subsidiary

Issuer & Securities

Issuer/ Manager
RAFFLES UNITED HOLDINGS LTD.
Securities
RAFFLES UNITED HOLDINGS LTD. - SG1C10012922 - K22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Nov-2018 18:03:13
Status
New
Announcement Sub Title
Cessation as Director of a Principal Subsidiary
Announcement Reference
SG181128OTHRQOFP
Submitted By (Co./ Ind. Name)
Teh Geok Koon
Designation
Executive Director cum Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Cessation as Director of a Principal Subsidiary who is a relative of a substantial shareholder.

Additional Details

Name Of Person
Koh Hai Yang
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
27/11/2018
Detailed Reason (s) for cessation
Resignation as an Executive Director of the Company's principal subsidiary, Kian Ho Pte Ltd ("KHPL"). Mr Koh will focus on sourcing for bearings and seals products and continue to oversee Malaysia operations.
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
09/09/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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.)
Executive Director
Role and responsibilities
Director of KHPL
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son-in-law of Mr Kwek Che Yong, deemed substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
0.20% direct interest and 0.89% deemed interest in the Company through SBS Nominees Pte Ltd and OCBC Nominees Singapore.
Past (for the last 5 years)
1. Acker Machinery (Shanghai) Co., Ltd
2. Ascend Bearings Co., Ltd
3. Kian Ho Bearings (Thailand) Co., Ltd
4. Kian Ho Guangzhou Co., Ltd
5. Kian Ho Pte Ltd
6. Kian Ho (Vietnam) Co., Ltd
7. Raffles Acres Pte Ltd
8. Raffles Capital Enterprise Pte Ltd
9. Raffles Land & Investments Pte Ltd
10. Raffles Majestic Realty Pte Ltd
Present
1. KH Bearings and Seals Australia Pty Ltd
2. Kian Ho Bearings (M) Sdn Bhd
3. Kian Ho (H.K.) Company Limited
4. Kian Ho Shanghai Co., Ltd
5. KWP Engineering & Industrial Supply Sdn Bhd
6. Raffles Logistics Operations Pte Ltd