Investor Relations ASL Marine Holdings Ltd
News
Change - Announcement Of Resignation Of Independent Non-Executive Director
BackAug 13, 2019
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Independent Non-executive Director |
| Securities | ASL MARINE HOLDINGS LTD (ASL MARINE) ASL MARINE HLDGS W240723 (ASL W240723) |
| Date & Time of Broadcast | Aug 13, 2019 18:57 |
| Submitted By | Koh Kai Kheng Irene Group Financial Controller |
| Effective date and time | Aug 13, 2019 17:00 |
| Description | Resignation of Independent Non-executive Director |
| Cessation Details | |
| Name of person | Christopher Chong Meng Tak |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Aug 13, 2019 |
| Detailed reason(s) for cessation | Mr. Christopher Chong, who has served on the Board and Board committees for more than 13 years, wishes to resign due to potential conflict of interest, health and personal reasons. Mr. Chong has recently acquired AT&S Pte Ltd (previously known as KS Distribution Pte Ltd), a significant supplier to the oil & gas and maritime industries. KS Distribution is a supplier to the Group. Following the aforesaid cessation, Mr. Chong will relinquish his position as the Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees of the Company. The Board wishes to express its appreciation to Mr. Chong for his dedication and invaluable contributions during his tenure of service. |
| 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 | Jan 3, 2006 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | Lead Independent Director and Chairman of Audit Committee and member of Nominating and Remuneration Committees |
| Role and responsibilities | Non-executive Director, Lead Independent Director and Chairman of Audit Committee and member of Nominating and Remuneration Committees |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | No |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Past (for the last 5 years) | Lorenzo Ltd Koon Holdings Ltd Lehat Holdings Pty Ltd Yingli International Real Estate Ltd Singapore O&G Ltd Matrix Management Group Pty Ltd Emerging Towns & Cities Singapore Ltd |
| Present | GLG Corp Ltd Forise International Limited ACH Investments Pte Ltd Tian-An Pty Ltd Paromay Ltd Jumplus Holdings Ltd Radiant Merit Investments Ltd ACH Distribution Pte Ltd AT&S Pte Ltd KS Resources Pte Ltd SSH Corporation Pte Ltd Indo Synergy Pte Ltd KS Flow Control Pte Ltd Globaltech Offshore & Marine Pte Ltd Aqua-Terra Supply Co. Limited Aqua-Terra Oilfield Equipment & Services Pte Ltd Aqua-Terra Logistics Pte Ltd Oceanic Offshore Engineering Pte Ltd KS Marihub Pte Ltd Orient Marine Pte Ltd Raymonds Supply Company Limited KS Distribution Malaysia Sdn Bhd KS Distribution (Vietnam) Company Ltd KS Distribution (Thailand) Ltd PT AT Oceanic Offshore PT KSD Indonesia KS Distribution (Shanghai) Ltd |