News
Change - Announcement Of Relinquishment Of Joint Chairman
BackMar 01, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 1, 2019 17:55 |
| Status | New |
| Announcement Sub Title | Relinquishment of Joint Chairman |
| Announcement Reference | SG190301OTHRMJ0P |
| Submitted By (Co./ Ind. Name) | Lo Swee Oi / Koh Chay Tiang |
| Designation | Company Secretaries |
| Description (Please provide a detailed description of the event in the box below) | Mr Cheong Pin Chuan will relinquish as the Joint Chairman but remain as the Joint Managing Director. |
| Additional Details | |
| Name Of Person | Cheong Pin Chuan |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/03/2019 |
| Detailed Reason (s) for cessation | For complying with the Code of Corporate Governance 2018 |
| 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 | 31/01/2014 |
| 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.) | Joint Managing Director |
| Role and responsibilities | Responsible for the Group's overall operation and management with greater emphasis in Hong Kong. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Brother of Mr Cheong Sim Eng, who is a Director and subtantial shareholder of the Company. Brother of Mr Cheong Kim Pong, who is a substantial shareholder of the Company. Brother of Madam Cheong Hooi Kheng who is a Director of the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Shares held in the Company: 20,052,528 shares (direct interest) and 149,823,053 shares (deemed interest) Shares held in a subsidiary, Hong Fok Land International Limited: 3,397,000 (deemed interest) |
| Past (for the last 5 years) | Nil |
| Present | Please refer to the attachment. |
Attachments
- Attachment 1 (Size: 95,325 bytes)