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Change - Announcement Of Cessation Of Chief Executive Officer
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May 27, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 27, 2022 18:22 |
| Status | New |
| Announcement Sub Title | CESSATION OF CHIEF EXECUTIVE OFFICER |
| Announcement Reference | SG220527OTHR7S90 |
| Submitted By (Co./ Ind. Name) | SURENTHIRARAJ S/O SAUNTHARARAJAH AND KOK MOR KEAT |
| Designation | COMPANY SECRETARIES |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Executive Officer This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor" ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Mr Bernard Lui, Telephone number: 6389 3000 Email: Bernard.lui@morganlewis.com. |
| Additional Details | |
| Name Of Person | DATUK PAUL WONG BAAN CHUN |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2022 |
| Detailed Reason (s) for cessation | Cessation of employment due to the Company's transition to having skeletal staff in view of the members' voluntary winding-up and liquidation for which shareholders' approval will be sought at the extraordinary general meeting to be conducted on 30 May 2022. For further details on the proposed members' voluntary liquidation, please refer to the Company's circular to its shareholders dated 6 May 2022. The Sponsor, after having interviewed Datuk Paul, is satisfied that other than as disclosed in this announcement, there are no material reasons for the cessation of Datuk Paul as chief executive officer 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 | 01/11/2013 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Role and responsibilities | Responsible for the corporate and growth strategy, strategic investments, overall financial management and people and organisation development of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | N.A. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 80,000 ordinary shares in Lasseters International Holdings Limited |
| Past (for the last 5 years) | Lasseters Health Club Pty Ltd Cypress Lakes Group Pty Limited Cypress Lakes Golf and Country Club Pty Ltd The Golden Door Health Retreat - Willow Vale Pty Ltd The Golden Door Pty Limited The Golden Door Holdings Pty Limited Cypress Lakes Property Pty Ltd Lasseters CLG Pty Ltd Warisan Jayasama Sdn Bhd |
| Present | Super Ace Resources Sdn Bhd Lasseters Management (M) Sdn Bhd Lasseters Properties Sdn Bhd Grand Imperial Saigon Hotel Limited Liability Company Crystal Coast Sdn Bhd Tangga Hikmat Sdn Bhd Catalyst Growth Sdn Bhd Luxury Construction Sdn Bhd Apex Theme Pillar Sdn Bhd |