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Change - Announcement Of Cessation Of Projects Director
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Jul 04, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 4, 2019 17:35 |
| Status | New |
| Announcement Sub Title | Cessation of Projects Director |
| Announcement Reference | SG190704OTHRAAW9 |
| Submitted By (Co./ Ind. Name) | Lim See Hoe |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 David Yeong (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Lim See Heng |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 08/07/2019 |
| Detailed Reason (s) for cessation | Retirement. Mr Lim See Heng will take on an advisory role with the Group following his retirement. SAC Capital Private Limited, the Company's Sponsor, after having interviewed Mr Lim See Heng, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Lim See Heng. |
| 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 | 24/11/2000 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Projects Director |
| Role and responsibilities | Responsible for project work. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Lim See Heng is siblings with the following individuals: 1. Mr Lim See Hoe (Executive Chairman and Chief Executive Officer, and a controlling shareholder of the Company) 2. Ms Lim Siew Cheng (Executive Director and Chief Operating Officer, and a substantial shareholder of the Company) 3. Ms Soare Siew Lian (Chief Executive Officer of the Group's USA Operations) 4. Ms Lim Siew Choo (General Administration Director of the Group, and a substantial shareholder of the Company) |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr Lim See Heng holds 11,953,154 ordinary shares, comprising 5.1% of the total number of issued ordinary shares of the Company. |
| Past (for the last 5 years) | Nil |
| Present | TEHO Ropes & Supplies Pte. Ltd. |
