Change - Announcement Of Demise Of Director
BackNov 24, 2016
| Announcement Details | |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 24, 2016 20:30 |
| Status | New |
| Announcement Sub Title | Demise of Director |
| Announcement Reference | SG161124OTHRWG2F |
| Submitted By (Co./ Ind. Name) | Loh Mun Yew |
| Designation | Chief Executive Officer & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Demise of Executive Chairman This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (Sponsor), 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. Lee Khai Yinn (Telephone: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. SAC Advisors Private Limited is a wholly-owned subsidiary of SAC Capital Private Limited. |
| Additional Details | |
| Name Of Person | Loh Ah Peng @ Loh Ee Ming |
| Age | 82 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/11/2016 |
| Detailed Reason (s) for cessation | Mr Loh Ah Peng @ Loh Ee Ming passed away on 24 November 2016. |
| 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 | 18/03/1964 |
| 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.) | Non-executive Chairman |
| Role and responsibilities | Responsible for setting the Company's vision and objectives, and providing guidance to the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Loh Ah Peng @ Loh Ee Ming is the father of Loh Mun Yew (Chief Executive Officer and Executive Director) and Loh Pui Lai (Non-executive Director) |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Interest in the Company: 1. Direct interest - 1,260,500 ordinary shares 2. Deemed interest - 63,855,000 ordinary shares |
| Past (for the last 5 years) | None |
| Present | RSP SYSTEMS PTE LTD UNIVERSAL PTE. LTD. |