SGX Announcements
Change - Announcement Of Cessation :: Cessation Of Director
BackNov 13, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 13, 2019 19:11 |
| Status | New |
| Announcement Sub Title | CESSATION OF DIRECTOR |
| Announcement Reference | SG191113OTHR3W4G |
| Submitted By (Co./ Ind. Name) | Manfred Fan Chee Seng |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | DLF Holdings Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 25 July 2018. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor in accordance with Rules 226(2)(b) and 753(2) of the SGX-ST Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by the SGX-ST. 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 Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg). |
| Additional Details | |
| Name Of Person | Teo Choon Kow @ William Teo |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/11/2019 |
| Detailed Reason (s) for cessation | To pave the way for new directors to be appointed in view of the change in controlling shareholder. After having interviewed Mr Teo Choon Kow @ William Teo ("Mr. Teo") and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Teo as an Independent Non-Executive Director. |
| 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 | 30/05/2019 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 11 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of Remuneration Committee as well as a member of the Audit Committee and Nominating Committee. |
| Role and responsibilities | Duties as an Independent Non-Executive Director, Chairman of Remuneration Committee as well as a member of the Audit Committee and Nominating Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Directorships: 1) CWX Global Limited (formerly known as Loyz Energy Limited) 2) SHS Holdings Ltd. (formerly known as See Hup Seng Limited) 3) Silkroad Nickel Ltd. (formerly known as China Bearing (Singapore) Ltd.) 4) Fral Ballistics Pte. Ltd. 5) Ascendant Technologies Pte. Ltd. Other Principal Commitments: None |
| Present | Directorships: 1) Wee Hur Holdings Ltd. 2) PSL Holdings Limited 3) Zunhou Capital Pte. Ltd. 4) Kitchen Culture Holdings Ltd Other Principal Commitments: 1) Chairman of Sengkang West Community Development Welfare Fund 2) Vice Chairman of Ang Mo Kio Town Council Finance Committee 3) Treasurer of School Advisory Council Pei Hwa Secondary School |