Investor Relations ASL Marine Holdings Ltd
News
Change - Announcement Of Resignation Of Executive Director
BackSep 18, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 18, 2017 19:22 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director |
| Announcement Reference | SG170918OTHRUSYM |
| Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
| Designation | Group Financial Controller |
| Effective Date and Time of the event | 18/09/2017 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the attachment. |
| Additional Details | |
| Name Of Person | Ang Kok Eng |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 18/09/2017 |
| Detailed Reason (s) for cessation | Mr Ang Kok Eng's resignation is to allow the Company to comply with Guideline 2.2 of the Code of Corporate Governance 2012. Mr Ang remains as an Executive Director of various subsidiaries of the Company. |
| 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 | 18/10/2002 |
| 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.) | Executive Director |
| Role and responsibilities | Responsible for developing marketing strategies, identifying new businesses and markets and customers for Asia. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Ang Kok Eng is the brother of Mr Ang Kok Tian, Mr Ang Ah Nui, Mr Ang Kok Leong and Ms Ang Swee Kuan (substantial shareholder), and the son of Mr Ang Sin Liu (substantial shareholder). Each of them is deemed to be interested in the shares held by others. In aggregate, the Ang family holds 67.22% of the shares in the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct interest: 73,799,100 shares (11.73%) Deemed interest: 349,193,850 shares (55.49%) Total interest: 422,992,950 shares (67.22%) |
| Past (for the last 5 years) | Fastcoat Industries Pte. Ltd. |
| Present | 1. ASL Leo Pte Ltd 2. ASL Marine Contractor Pte Ltd 3. ASL Maritime Services Pte Ltd 4. ASL Offshore & Marine Pte Ltd 5. ASL Project Logistics Pte Ltd 6. ASL Shipyard Pte Ltd 7. ASL Towage & Salvage Pte Ltd 8. ASL Triaksa Offshore Pte Ltd 9. Capitol Aquaria Pte Ltd 10. Capitol Oceans Pte Ltd 11. Capitol Tug & Barge Pte Ltd 12. Capitol Workboats Pte Ltd 13. Harmony PSV Pte Ltd 14. Hongda Investment Pte Ltd 15. Intan Maritime Investments Pte Ltd 16. Intan Oceans Pte Ltd 17. Intan Offshore Pte Ltd 18. Intan OSV Pte Ltd 19. Intan Overseas Investments Pte Ltd 20. Intan Scorpio Pte Ltd 21. Intan Synergy Pte Ltd 22. Lightmode Pte Ltd 23. Singa Tenaga Investments Pte Ltd 24. Ang Sin Liu Construction (Pte) Ltd 25. Capitol Marine Pte Ltd (alternate director to Ang Kok Tian) 26. Jiang Men Hongda Shipyard Ltd. 27. PT. ASL Shipyard Indonesia 28. PT. Bina Kontinental Lestari 29. PT. Sukses Shipyard Indonesia |
- Attachment 1 (Size: 9,418 bytes)