Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Apr-2014 19:41:48
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG140407OTHRT8QV
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Mr Koh Teng Kiat, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Koh Teng Kiat.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Canaccord Genuity Singapore Pte. Ltd. for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Ms Karen Soh, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd., at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

Additional Details

Name Of Person
Koh Teng Kiat
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
04/04/2014
Detailed Reason (s) for cessation
Due to other work commitments which require undivided time and attention.
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
19/09/2011
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, AC Chairman and a member of the Remuneration and Nominating Committee.
Role and responsibilities
Non-Executive Director
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
Other Directorships
Past (for the last 5 years)
Bridging Resources Ltd (Incorporated in British Virgin Islands); Green Heritage Overseas Ltd (Incorporated in British Virgin Islands); Strike Development Pte Ltd (Incorporated in Singapore); Gordon (HK) Designer & Engineer Limited (Incorporated in Hong Kong)
Present
Magnus Energy Group Ltd. (Incorporated in Singapore); Creative Network International (S) Pte Ltd (Incorporated in Singapore); Creative Network International Holding Pte Ltd (Incorporated in Singapore); Mid-Continent Equipment Group Pte Ltd. (Incorporated in Singapore); Antig Investments Pte. Ltd. (Incorporated in Singapore); Apac Coal Limited (Incorporated in Western Australia); Mid-Continent Tubular Pte Ltd (Incorporated in Singapore); Mid-Continent Environmental Project Pte Ltd (Incorporated in Singapore); MEG Management Sdn. Bhd. (Incorporated in Malaysia); G.S.O Pte Ltd (Incorporated in Singapore); Mid-Continent Equipment (Australia) Pty Ltd (Incorporated in Australia)