Monday, August 1, 2011

Company announcements: Summit

Summit - ANNOUNCEMENT OF APPOINTMENT OF CHIEF FINANCIAL OFFICER

Announcement Type: ANNOUNCEMENT OF APPOINTMENT
Company: SM SUMMIT HOLDINGS LTD
Stock Code/Name: S43 - Summit

ANNOUNCEMENT OF APPOINTMENT OF CHIEF FINANCIAL OFFICER *
* Asterisks denote mandatory information
Name of Announcer * SM SUMMIT HOLDINGS LTD  
Company Registration No. 198401088W  
Announcement submitted on behalf of SM SUMMIT HOLDINGS LTD  
Announcement is submitted with respect to * SM SUMMIT HOLDINGS LTD  
Announcement is submitted by * Kong Chee Min  
Designation * Executive Director  
Date & Time of Broadcast 01-Aug-2011 23:26:37  
Announcement No. 00212  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment * 01-08-2011  
Name of Person* Foo Ai Huey  
Age * 43  
Country of principal residence * Singapore  
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * The appointment of Ms Foo Ai Huey as the Group Chief Financial Officer (Group CFO) is to assume Mr Kong Chee Min's role who has been appointed as the Group Chief Executive Officer. Given Ms Foo's experience in the Group for the past 11 years and her other past exposure, the Board is confident that she will be able to apply her experience in this appointment.  
Whether appointment is executive, and if so, the area of responsibility *
As Group CFO, Ms Foo will oversee all financial matters in the Group.  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Group Chief Financial Officer  
Working experience and occupation(s) during the past 10 years *
Ms. Foo ioined the Group as Group Finance Manager in April 2000. She heads the finance team in Singapore and having been with the Group for more than 10 years, she manages a full spectrum of finance and accounting functions for the Group including the financial and management reporting requirements. Prior to joining the Group, Ms Foo was a senior accountant of MOH Holdings Pte Ltd (formerly known as “Heath Corporation of Singapore Pte Ltd”) and had also worked as an internal auditor in a local listed company. She has accumulated more than 19 years of finance and accounting related experience covering internal audit, taxation, internal control, financial accounting, cost and management accounting. Ms. Foo holds a Bachelor of Commerce from the University of Newcastle, Australia and is a member of the Institute of Certified Public Accountants of Singapore and CPA Australia.  
Shareholding * in the listed issuer and its subsidiaries *
None  
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
None  
Conflict of interests (including any competing business) *
None  
>> OTHER DIRECTORSHIP#
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9)
Past (for the last 5 years)
NIL  
Present
NIL  
>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

(a)*Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
  • No  

       


    • Summit - ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER

    Announcement Type: ANNOUNCEMENT OF APPOINTMENT
    Company: SM SUMMIT HOLDINGS LTD
    Stock Code/Name: S43 - Summit

    ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * SM SUMMIT HOLDINGS LTD  
    Company Registration No. 198401088W  
    Announcement submitted on behalf of SM SUMMIT HOLDINGS LTD  
    Announcement is submitted with respect to * SM SUMMIT HOLDINGS LTD  
    Announcement is submitted by * Kong Chee Min  
    Designation * Executive Director  
    Date & Time of Broadcast 01-Aug-2011 23:24:14  
    Announcement No. 00211  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Date of Appointment * 01-08-2011  
    Name of Person* Kong Chee Min  
    Age * 46  
    Country of principal residence * Singapore  
    The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * Mr Kong has been with the Group since 1996. He was appointed Executive Director of the Company in 2000 and promoted to Regional CEO in February 2007. Since 2007, he has been assisting the Group CEO to oversee and manage the Group's business operations, development and growth. In light of his 20 years of experience in corporate and management roles, the Board is of the opinion that he is suitable candidate to manage the Group's operations and has the capability to fulfil this role.  
    Whether appointment is executive, and if so, the area of responsibility *
    Mr Kong is responsible for the overall Group's business and day to day operations.  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Group Chief Executive Officer and Executive Director  
    Working experience and occupation(s) during the past 10 years *
    Mr Kong has been with the Company for more than 15 years. He is an Executive Director and has previously been the Group Finance Director. He leads the Group's finance, accounting, information technology, administration and corporate management functions and assists the Group CEO to oversee and manage the Group's business and day-to-day operations.  
    Shareholding * in the listed issuer and its subsidiaries *
    34,375 shares in the Company  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    No  
    Conflict of interests (including any competing business) *
    No  
    >> OTHER DIRECTORSHIP#
    # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9)
    Past (for the last 5 years)
    NextSummit Pte Ltd  
    Present
    SM Summit Holdings Ltd
    Summit CD Manufacture Pte Ltd
    Summit Hi-Tech Pte Ltd
    Wow Vision Pte Ltd
    FairVision Pte Ltd
    3Ngine Pte Ltd
    AVSM Logistics Pte Ltd
    SM Summit Investment Pte Ltd
    SM Summit Holdings (HK) Ltd
    Summit CD Manufacture (HK) Pte Ltd
    Advance Technology Investment Ltd
    Shanghai Huade Photoelectron Science & Technology Co. Ltd
    Summit Technology Australia Pty Ltd
    SM Summit Holdings (Australia) Pty Ltd
    Summit Printing (Australia) Pty Ltd
    Wow Vision Australia Pty Ltd
    Summit Technology Japan KK
    Quest Eduquer Pte Ltd
    3Xtreme Value Pte Ltd
    PT Digital Media Technology
    Typhoon Creations Pte Ltd
    Centurion Dormitories Pte Ltd
     
    >> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

    Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

    (a)*Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
  • No  

       


    • Summit - ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR

    Announcement Type: ANNOUNCEMENT OF APPOINTMENT
    Company: SM SUMMIT HOLDINGS LTD
    Stock Code/Name: S43 - Summit

    ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR *
    * Asterisks denote mandatory information
    Name of Announcer * SM SUMMIT HOLDINGS LTD  
    Company Registration No. 198401088W  
    Announcement submitted on behalf of SM SUMMIT HOLDINGS LTD  
    Announcement is submitted with respect to * SM SUMMIT HOLDINGS LTD  
    Announcement is submitted by * Kong Chee Min  
    Designation * Executive Director  
    Date & Time of Broadcast 01-Aug-2011 23:22:17  
    Announcement No. 00210  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Date of Appointment * 01-08-2011  
    Name of Person* Tony Bin Hee Din  
    Age * 52  
    Country of principal residence * Singapore  
    The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * Mr Bin has experience in sourcing, acquisition and management of real estate assets. He is also familiar with the operations of Westlite. His appointment will ensure continuity of the dormitory business being acquired by the Company.  
    Whether appointment is executive, and if so, the area of responsibility *
    Following his appointment, Mr Bin will be primarily responsible for the strategic planning and overall management of the dormitory business of the Company.  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director  
    Working experience and occupation(s) during the past 10 years *
    Mr Bin joined the Centurion Group in 2007 as the Chief Executive Officer of Centurion Properties Pte Ltd. Prior to joining the Centurion Group, he was the concurrent General Manager of Guthrie Properties/ Heartland Retail Holdings/ Asia Malls Management Pte Ltd between 1999 to 2007. Between 1989 to 1997, Mr Bin was in the financial industry, specifically in the areas of corporate banking (real estate) and debt capital markets. Between 1984 to 1989, he was with a statutory board and a property developer.  
    Shareholding * in the listed issuer and its subsidiaries *
    100,000 shares in the Company (0.01%)  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Brother-in-law of Loh Kim Kang David, a substantial shareholder of the Company.  
    Conflict of interests (including any competing business) *
    No  
    >> OTHER DIRECTORSHIP#
    # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9)
    Past (for the last 5 years)
    East Coast (Cecil) Investment Private Limited
    Geylang Evangelical Free Church Ltd
     
    Present
    Centurion Dormitory (Westlite) Pte. Ltd.
    Lian Beng-Centurion (Mandai) Pte. Ltd.
    Centurion One (BVI) Limited
    Centurion Investments (Vietnam) Private Limited
    Centurion Kovan Private Limited
    Centurion Properties (JingShan) Limited
    Centurion Properties Pte. Ltd.
    Centurion Properties (Qingdao) Limited
    Centurion RE Private Limited
    Education House Pte Ltd
    Regatta Properties Pte. Ltd.
    Sardinia Properties Private Limited
    Centurion One Island Limited
     
    >> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

    Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

    (a)*Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
  • No  

       


    • Summit - ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE DIRECTOR & CHAIRMAN WHO IS AN AUDIT COMMITTEE MEMBER

    Announcement Type: ANNOUNCEMENT OF APPOINTMENT
    Company: SM SUMMIT HOLDINGS LTD
    Stock Code/Name: S43 - Summit

    ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE DIRECTOR & CHAIRMAN WHO IS AN AUDIT COMMITTEE MEMBER *
    * Asterisks denote mandatory information
    Name of Announcer * SM SUMMIT HOLDINGS LTD  
    Company Registration No. 198401088W  
    Announcement submitted on behalf of SM SUMMIT HOLDINGS LTD  
    Announcement is submitted with respect to * SM SUMMIT HOLDINGS LTD  
    Announcement is submitted by * Kong Chee Ming  
    Designation * Executive Director  
    Date & Time of Broadcast 01-Aug-2011 23:20:27  
    Announcement No. 00209  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Date of Appointment * 01-08-2011  
    Name of Person* Wong Kok Hoe  
    Age * 48  
    Country of principal residence * Singapore  
    The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * Mr Wong is familiar with the operations of Westlite. His appointment will ensure continuity of the dormitory business being acquired by the Company. Additionally, Mr Wong is a director of several public listed companies in Singapore and is familiar with the role and responsibilities of a director of a company listed on the SGX-ST.  
    Whether appointment is executive, and if so, the area of responsibility *
    Non-Executive  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Director & Chairman, Remuneration Committee member and Audit Committee member  
    Working experience and occupation(s) during the past 10 years *
    Mr Wong joined the Centurion Group in 2009 as the Group Chief Operating Officer. The Centurion Group is involved in a diverse range of business activities including real estate development and investment, private equity, investment management, sports and resources, with offices in Shanghai, Hong Kong and Singapore. The Centurion Group invests in public listed companies and private companies in a wide range of industries in various jurisdictions. Prior to this, he was a partner in a local advocates and solicitors firm. He has more than 18 years of experience in legal practice and his main areas of practice were corporate law, corporate finance, mergers and acqusitions and venture capital. He is also a director of the following public listed companies in Singapore: CFM Holdings Limited, Hartawan Holdings Limited, Lifebrandz Ltd. and SBI Offshore Limited. Mr Wong holds a Bachelor of Laws (Honours) degree from the National University of Singapore.  
    Shareholding * in the listed issuer and its subsidiaries *
    No  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    No  
    Conflict of interests (including any competing business) *
    No  
    >> OTHER DIRECTORSHIP#
    # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9)
    Past (for the last 5 years)
    Centillion Environment & Recycling Ltd (Formerly known as Citiraya Industries)
    China Environment Ltd. (formerly known as Gates Electronics Limited)
    Hosen Group Ltd.
    Net Pacific Financial Holdings Limited (formerly known as K Plas Holdings Limited)
    R&T Corporate Services Pte Ltd
    SW Alliance Pte Ltd
    UMS Holdings Ltd (formerly known as Norelco UMS Holdings Limited)
     
    Present
    Centurion One Island Limited
    UTAC Holdings Ltd.
    Centurion One (BVI) Limited
    Centurion Football Pte. Ltd.
    Centurion Global Ltd.
    Centurion Holdings (BVI) Limited
    Centurion Management and Consultancy Services Pte. Ltd.
    Centurion Private Equity Ltd
    Centurion Properties (Jingshan) Limited
    Centurion Properties Pte. Ltd.
    Centurion Properties (Qingdao) Limited
    Centurion RE Pte. Ltd.
    Centurion Resources Pte. Ltd.
    Centurion Sports Events Ltd
    Centurion Sports Limited
    Centurion Wine Ltd
    CFM Holdings Limited
    Football Asia 888 Pte. Ltd.
    Hartawan Holdings Limited
    Lifebrandz Ltd.
    SBI Offshore Limited  
    >> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

    Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

    (a)*Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
  • No  

       


    • Summit - ANNOUNCEMENT OF CESSATION AS NON-EXECUTIVE DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

    Announcement Type: ANNOUNCEMENT OF CESSATION
    Company: SM SUMMIT HOLDINGS LTD
    Stock Code/Name: S43 - Summit

    ANNOUNCEMENT OF CESSATION AS NON-EXECUTIVE DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER *
    * Asterisks denote mandatory information
    Name of Announcer * SM SUMMIT HOLDINGS LTD  
    Company Registration No. 198401088W  
    Announcement submitted on behalf of SM SUMMIT HOLDINGS LTD  
    Announcement is submitted with respect to * SM SUMMIT HOLDINGS LTD  
    Announcement is submitted by * Kong Chee Min  
    Designation * Executive Director  
    Date & Time of Broadcast 01-Aug-2011 23:18:20  
    Announcement No. 00208  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Name of person * Mak Bang Mui  
    Age * 46  
    Is Effective Date of Cessation known? * Yes  
    If yes, please provide the date * 01-08-2011  
    Detailed Reason(s) for cessation *
    Ms Mak Bang Mui and Mr Tang Kay Hwa are the two nominated representatives of the substantial shareholder, Thinkpac Limited. Thinkpac has requested that it does not require any representations on the Board.  
    Is there any difference of opinion on material matters between the person and the Board of directors? * No 
    If yes, please elaborate * NA 
    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 
    If yes, please elaborate * NA 
    Any other relevant information to be provided to shareholders of the listed issuer? * No 
    If yes, please elaborate * NA 
    Date of Appointment to current position * 17-05-2007  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Non-Executive Director and Audit Committee Member  
    Role and responsibilities *
    Non-Executive Director and Audit Committee Member  
    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) over the past 12 months *0 
    Shareholding * in the listed issuer and its subsidiaries *
    No  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    No  
    >> OTHER DIRECTORSHIPS
    Past (for the last 5 years) *
    CIM II Ltd (in Voluntary Liquidation - dissolved on 21 September 2010)
    SM Summit Holdings Ltd  
    Present *
    Centurion Investment Management Holdings (BVI) Ltd
    Centurion Investment Management Pte Ltd
    Centurion Investment Management Ltd
    Enporis Greenz Ltd (in Voluntary Liquidation)
    CIM China (BVI) Ltd
    Centurion Investment China (BVI) Ltd
    CIM China (Singapore) Pte. Ltd.
    Centurion Investment China (Singapore) Pte. Ltd.
    Centurion Investment Management (H.K.) Ltd
    Centurion Asia Private Equity Fund
    D'Crypt Pte Ltd
     
    Footnotes
    CIMB Bank Berhad, Singapore branch is the financial adviser to the company in relation to the Westlite Acquisition and the JVCo Acquisition (the "Financial Adviser"). The Financial Adviser has not independently verified, and assumes no responsibility for, the contents of this announcement.  
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