Friday, November 25, 2011

Company announcements: HG Metal, KS Energy, CFM

HG Metal - FULL YEAR RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

Announcement Type: FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Company: HG METAL MANUFACTURING LTD
Stock Code/Name: 526 - HG Metal

FULL YEAR RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
* Asterisks denote mandatory information
Name of Announcer * HG METAL MANUFACTURING LTD  
Company Registration No. 198802660D  
Announcement submitted on behalf of HG METAL MANUFACTURING LTD  
Announcement is submitted with respect to * HG METAL MANUFACTURING LTD  
Announcement is submitted by * TAN SWEE GEK  
Designation * JOINT COMPANY SECRETARY  
Date & Time of Broadcast 25-Nov-2011 17:38:04  
Announcement No. 00079  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
For the Financial Period Ended * 30-09-2011  
DescriptionPLEASE REFER TO THE ATTACHMENT FOR DETAILS  
Attachments
Total size = 223K
(2048K size limit recommended)


KS Energy - MISCELLANEOUS :: ESTABLISHMENT OF A SUBSIDIARY

Announcement Type: MISCELLANEOUS
Company: KS ENERGY LIMITED
Stock Code/Name: 578 - KS Energy

MISCELLANEOUS
* Asterisks denote mandatory information
Name of Announcer * KS ENERGY LIMITED  
Company Registration No. 198300104G  
Announcement submitted on behalf of KS ENERGY LIMITED  
Announcement is submitted with respect to * KS ENERGY LIMITED  
Announcement is submitted by * Shirley Lim  
Designation * Company Secretary  
Date & Time of Broadcast 25-Nov-2011 17:24:55  
Announcement No. 00064  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Announcement Title * ESTABLISHMENT OF A SUBSIDIARY  
Description
Please see attached.  
Attachments
Total size = 94K
(2048K size limit recommended)


CFM - ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Announcement Type: ANNOUNCEMENT OF APPOINTMENT
Company: CFM HOLDINGS LIMITED
Stock Code/Name: 5EB - CFM

ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER *
* Asterisks denote mandatory information
Name of Announcer * CFM HOLDINGS LIMITED  
Company Registration No. 200003708R  
Announcement submitted on behalf of CFM HOLDINGS LIMITED  
Announcement is submitted with respect to * CFM HOLDINGS LIMITED  
Announcement is submitted by * Tan Yeok Meng  
Designation * Executive Director  
Date & Time of Broadcast 25-Nov-2011 17:36:22  
Announcement No. 00075  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment * 25-11-2011  
Name of Person* Peter Lai Hock Meng  
Age * 55  
Country of principal residence * Singapore  
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * The Nominating Committee (“NC”), after reviewing Mr Lai's qualifications and working experience, has recommended the appointment of Mr Lai as the Independent Director of the Company. The NC has ascertained that Mr Lai will be able to carry out his duties effectively as an Independent Director, notwithstanding his multiple directorships in other listed companies. The Board has accepted the recommendation of the NC and approved his appointment.  
Whether appointment is executive, and if so, the area of responsibility *
No  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director, Chairman of RC, Member of AC & NC  
Working experience and occupation(s) during the past 10 years *
From 1998 to 2005, Mr Lai was the Chief Executive and director of Star Castle Capital (Singapore) Pte. Ltd.
In 2006, Mr Lai joined Citigroup Private Bank as a Senior Private Banker.
From 2006 to 2007, Mr Lai joined OCBC Private Bank as Regional Market Manager to lead the Greater China Team.
From 2007 to present, Mr Lai is a member of the Investment Committee of Tembusu Partners which is a private held financial services firm. Mr Lai also acts as Chairman in HML Consulting Group Pte. Ltd.
From 2009 to present, Mr Lai is the director and member of the Investment Committee of Champ Buyout III Pte. Ltd.  
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) or Catalist Rule 704(8).
Past (for the last 5 years)
1. Advance SCT Limited
2. Asia Water Technology Ltd.
3. Blue Ocean Capital Partners Pte. Ltd.
4. China Dredging & Engineering Pte. Ltd.
5. NTUC Club Investments Pte Ltd
6. Pacal Consulting Pte. Ltd.
7. Singapore Chinese Orchestra Company Limited
8. Star Acquisition Holdings Pte Ltd
9. Tongji Environment (Asia) Pte. Ltd.
10. We Holdings Ltd.
11. Ying Tai Bio-Technology Pte. Ltd.
12. China Dredging (S) Pte. Ltd.
13. Hongwei Technologies Ltd
14. Nanjing He Ding Investment Management Co., Ltd
15. Xpress Holdings Ltd  
Present
1. Asti Holdings Limited
2. Champ Buyout III Pte. Ltd.
3. Char Yong (Dabu) Foundation Limited
4. China Energy Limited
5. Delong Holdings Limited
6. Dexin Steel Pte. Ltd.
7. FA Systems Automation (S) Pte Ltd
8. HML Consulting Group Pte. Ltd.
9. Metax Engineering Corporation Limited
10. Star Castle Capital (Singapore) Pte. Ltd.
11. PureCircle Ltd
12. China Essence Group Ltd
13. China Oilfield Technology Services Group Ltd
14. CY Foundation Group Limited
15. Guangxi & Gaozhou Association
16. PureCircle (Shanghai) Co., Ltd
17. PureCircle (Jiangxi) Co., Ltd
18. Anomaly Interactive 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  

       


    • CFM - ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

    Announcement Type: ANNOUNCEMENT OF CESSATION
    Company: CFM HOLDINGS LIMITED
    Stock Code/Name: 5EB - CFM

    ANNOUNCEMENT OF CESSATION AS INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER *
    * Asterisks denote mandatory information
    Name of Announcer * CFM HOLDINGS LIMITED  
    Company Registration No. 200003708R  
    Announcement submitted on behalf of CFM HOLDINGS LIMITED  
    Announcement is submitted with respect to * CFM HOLDINGS LIMITED  
    Announcement is submitted by * Tan Yeok Meng  
    Designation * Executive Director  
    Date & Time of Broadcast 25-Nov-2011 17:32:39  
    Announcement No. 00071  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Name of person * Petras Tsui Hin Chi  
    Age * 56  
    Is Effective Date of Cessation known? * Yes  
    If yes, please provide the date * 25-11-2011  
    Detailed Reason(s) for cessation *
    Mr Tsui is relinquishing the position of Independent Director and Chairman of the Remuneration Committee due to other personal commitments overseas.  
    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 
    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? * Yes 
    If yes, please elaborate * Mr Peter Lai Hock Meng is appointed on 25 November 2011 to replace Mr Tsui. Mr Lai shall be an Independent Director of the Company and will be considered independent by the Board of Directors for the purposes of Rule 704(7) of the Listing Manual Section B: Rules of Catalist (the "Catalist Rules") of the Singapore Exchange Securities Trading Limited ("SGX-ST"). 
    Date of Appointment to current position * 11-12-2003  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Independent Director, Chairman of RC, Member of AC & NC  
    Role and responsibilities *
    As Chairman of Remuneration Committee, Mr Tsui’s responsibilities include:-
    (a) to review and recommend to the Board a framework of remuneration for the Executive Chairman, directors, and key executives of the Company. The framework will cover all aspects of remuneration, including without limitation, directors’ fees, basic salaries, allowances, bonuses, options and benefits-in-kind;
    (b) to review the remuneration packages of all managerial staff who are related to any of the executive directors or CEO;
    (c) in the case of directors’ service contracts, to consider what compensation or commitments the directors’ contract of service, if any, would entail in the event of early termination;
    (d) to recommend to the Board in consultation with senior management and the Executive Chairman, any long-term incentive scheme (including share schemes) and to consider the eligibility of directors for benefits under such long-term incentive schemes; and to
    (e) consider and make recommendations to the Board concerning the disclosure of details of the Company’s remuneration policy, level and mix of remuneration and procedure for setting remuneration, and the details of the specific remuneration packages of the directors and executives of the Company, in addition (if appropriate) to those required by law or by the Code of Corporate Governance.  
    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 
    Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *1 
    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) *
    Sun East Group Limited  
    Present *
    Nil  
    Footnotes
    This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. (the “Sponsor”), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made. The Sponsor is satisfied, based on the enquiries made, that there are no reasons for the resignation other than those stated in this announcement.

    This announcement has not been examined or approved by 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 Liau H.K.
    Telephone number: 6221 0271  
    Attachments
    Total size = 0
    (2048K size limit recommended)


    CFM - MISCELLANEOUS :: APPOINTMENT/CESSATION OF INDEPENDENT DIRECTOR

    Announcement Type: MISCELLANEOUS
    Company: CFM HOLDINGS LIMITED
    Stock Code/Name: 5EB - CFM

    MISCELLANEOUS
    * Asterisks denote mandatory information
    Name of Announcer * CFM HOLDINGS LIMITED  
    Company Registration No. 200003708R  
    Announcement submitted on behalf of CFM HOLDINGS LIMITED  
    Announcement is submitted with respect to * CFM HOLDINGS LIMITED  
    Announcement is submitted by * Tan Yeok Meng  
    Designation * Executive Director  
    Date & Time of Broadcast 25-Nov-2011 17:28:40  
    Announcement No. 00067  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Announcement Title * Appointment/Cessation of Independent Director  
    Description
    Please refer to the attachment.  
    Attachments
    Total size = 30K
    (2048K size limit recommended)


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