Friday, August 30, 2013

Company announcements: China Hongx, CITYDEV

China Hongx - MISCELLANEOUS

Announcement Type: MISCELLANEOUS
Company: CHINA HONGXING SPORTS LIMITED
Stock Code/Name: BR9 - China Hongx

MISCELLANEOUS
* Asterisks denote mandatory information
Name of Announcer * CHINA HONGXING SPORTS LIMITED  
Company Registration No. 36746  
Announcement submitted on behalf of CHINA HONGXING SPORTS LIMITED  
Announcement is submitted with respect to * CHINA HONGXING SPORTS LIMITED  
Announcement is submitted by * MADELYN KWANG  
Designation * COMPANY SECRETARY  
Date & Time of Broadcast 30-Aug-2013 19:14:08  
Announcement No. 00217  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Announcement Title * (I) CESSATION OF CHIEF EXECUTIVE OFFICER, NOTICE NOT TO SEEK RE-ELECTION AS DIRECTOR AT THE NEXT ANNUAL GENERAL MEETING AND TO RELINQUISH POSITION AS LEGAL REPRESENTATIVE; AND (II) APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER  
Description
PLEASE SEE ATTACHED.  
Attachments
Total size = 30K
(2048K size limit recommended)


China Hongx - ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR

Announcement Type: ANNOUNCEMENT OF CESSATION
Company: CHINA HONGXING SPORTS LIMITED
Stock Code/Name: BR9 - China Hongx

ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR *
* Asterisks denote mandatory information
Name of Announcer * CHINA HONGXING SPORTS LIMITED  
Company Registration No. 36746  
Announcement submitted on behalf of CHINA HONGXING SPORTS LIMITED  
Announcement is submitted with respect to * CHINA HONGXING SPORTS LIMITED  
Announcement is submitted by * MADELYN KWANG  
Designation * COMPANY SECRETARY  
Date & Time of Broadcast 30-Aug-2013 19:10:24  
Announcement No. 00215  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of person * WU RONGZHAO  
Age * 36  
Is Effective Date of Cessation known? * Yes  
If yes, please provide the date * 19-09-2013  
Detailed Reason(s) for cessation *
Pursuant to the Company’s trading resumption proposal, Mr Wu resigned as the Chief Executive Officer of the Group with effect from 1 September 2013. Mr Wu will also not seek re-election as Executive Director of the Board of Directors of the Company at the forthcoming annual general meeting on 19 September 2013.  
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? * No 
If yes, please elaborate * NA 
Date of Appointment to current position * 28-04-2005  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * (a) Executive Director (b) Chief Executive Officer  
Role and responsibilities *
Mr Wu oversees the overall business strategy, operations and day-to-day management of the affairs of the Group. He is also responsible for the Group’s overall management and operations of the Finance, Production and Administration Departments.  
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 (auditors); and 1 (CEO) 
Interest * in the listed issuer and its subsidiaries *
Direct:1,000,000 shares.
Deemed: 229,950,000 shares.  
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Mr Wu Rongzhao is the sibling of Mr Wu Rongguang, executive director and Chairman of the Board, and substantial shareholder of the Company.

Mr Wu Rongzhao is the son of Mr Wu Hanjie, a substantial shareholder of the Company.  
>> OTHER DIRECTORSHIPS
Past (for the last 5 years) *
Nil  
Present *
Fujian Rongzhen Shiye Stationery Co., Ltd
Fujian Quanzhou Henglong Trade and Development Co,, Ltd
Quanzhou Hongyan Stationery Co., Ltd
 
Footnotes
   
Attachments
Total size = 0
(2048K size limit recommended)


China Hongx - ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Announcement Type: ANNOUNCEMENT OF APPOINTMENT
Company: CHINA HONGXING SPORTS LIMITED
Stock Code/Name: BR9 - China Hongx

ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER *
* Asterisks denote mandatory information
Name of Announcer * CHINA HONGXING SPORTS LIMITED  
Company Registration No. 36746  
Announcement submitted on behalf of CHINA HONGXING SPORTS LIMITED  
Announcement is submitted with respect to * CHINA HONGXING SPORTS LIMITED  
Announcement is submitted by * MADELYN KWANG  
Designation * COMPANY SECRETARY  
Date & Time of Broadcast 30-Aug-2013 19:00:55  
Announcement No. 00208  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment * 01-09-2013  
Name of Person* LAN ZHONGMING  
Age * 41  
Country of principal residence * China  
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * Mr Lan joined the Company and its subsidiaries (“Group”) in 2011 as a Vice-President and is currently involved in the Human Resource Division, the Logistics Division and the Product Supply (Apparel) Division. The Board sourced for possible candidates external to the Group and from within the Group. The Nominating Committee (“NC”) has reviewed and assessed Mr Lan’s qualifications and working experience (both past and present), and has recommended Mr Lan’s appointment as CEO of the Group. The Board has completed due diligence on Mr Lan and has approved the appointment of Mr Lan as the new CEO with effect from 1 September 2013.  
Whether appointment is executive, and if so, the area of responsibility *
Executive appointment.

Mr Lan will be responsible for the overall business strategy, operations and day-to-day management of the affairs of the Group. He will also be responsible for the Group’s overall management and operations of the Finance, Production and Administration Departments.  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer  
Working experience and occupation(s) during the past 10 years *
From 1999 to 2011, Mr Lan was with IBM Greater China Group, primarily in the Global Business Services unit based in Guangzhou Province. Mr Lan had vast experience in the Systems, Applications and Products in Data Processing Service Line and the Consumer Products/Retail industry.

Mr Lan joined the Group in October 2011 as a Vice-President and was involved in the Human Resource Division, the Logistics Division and the Product Supply (Apparel) Division. Mr Lan also assisted with the development of the strategic direction of the Group’s distribution network, re-alignment of the strategic direction of the Group’s business divisions and improvements to the Group’s recruitment, retention and training resources.  
Interest * in the listed issuer and its subsidiaries *
Nil  
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil  
Conflict of interests (including any competing business) *
Nil  
>> 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)
-  
Present
-  
>> 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  

       


    • China Hongx - ANNOUNCEMENT OF CESSATION AS CHIEF EXECUTIVE OFFICER

    Announcement Type: ANNOUNCEMENT OF CESSATION
    Company: CHINA HONGXING SPORTS LIMITED
    Stock Code/Name: BR9 - China Hongx

    ANNOUNCEMENT OF CESSATION AS CHIEF EXECUTIVE OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * CHINA HONGXING SPORTS LIMITED  
    Company Registration No. 36746  
    Announcement submitted on behalf of CHINA HONGXING SPORTS LIMITED  
    Announcement is submitted with respect to * CHINA HONGXING SPORTS LIMITED  
    Announcement is submitted by * MADELYN KWANG  
    Designation * COMPANY SECRETARY  
    Date & Time of Broadcast 30-Aug-2013 18:57:32  
    Announcement No. 00205  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Name of person * WU RONGZHAO  
    Age * 36  
    Is Effective Date of Cessation known? * Yes  
    If yes, please provide the date * 01-09-2013  
    Detailed Reason(s) for cessation *
    Pursuant to the Company’s trading resumption proposal, Mr Wu resigned as the Chief Executive Officer of the Group with effect from 1 September 2013. Mr Wu will also not seek re-election as Executive Director of the Board of Directors of the Company at the forthcoming annual general meeting on 19 September 2013.  
    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? * No 
    If yes, please elaborate * NA 
    Date of Appointment to current position * 28-04-2005  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * (a) Executive Director (b) Chief Executive Officer  
    Role and responsibilities *
    Mr Wu oversaw the overall business strategy, operations and day-to-day management of the affairs of the Group. He is also responsible for the Group’s overall management and operations of the Finance, Production and Administration Departments.  
    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 (auditors) 
    Interest * in the listed issuer and its subsidiaries *
    Direct:1,000,000 shares.
    Deemed: 229,950,000 shares.  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Mr Wu Rongzhao is the sibling of Mr Wu Rongguang, executive director and Chairman of the Company, and substantial shareholder of the Company.

    Mr Wu Rongzhao is the son of Mr Wu Hanjie, a substantial shareholder of the Company.  
    >> OTHER DIRECTORSHIPS
    Past (for the last 5 years) *
    Nil  
    Present *
    Fujian Rongzhen Shiye Stationery Co., Ltd
    Fujian Quanzhou Henglong Trade and Development Co,, Ltd
    Quanzhou Hongyan Stationery Co., Ltd
     
    Footnotes
       
    Attachments
    Total size = 0
    (2048K size limit recommended)


    CITYDEV - MISCELLANEOUS :: INCREASE OF MEDIUM TERM NOTE PROGRAMME LIMIT FROM S$1.5 BILLION TO S$5.0 BILLION

    Announcement Type: MISCELLANEOUS
    Company: CITY DEVELOPMENTS LIMITED
    Stock Code/Name: C09 - CITYDEV

    MISCELLANEOUS
    * Asterisks denote mandatory information
    Name of Announcer * CITY DEVELOPMENTS LIMITED  
    Company Registration No. 196300316Z  
    Announcement submitted on behalf of CITY DEVELOPMENTS LIMITED  
    Announcement is submitted with respect to * CITY DEVELOPMENTS LIMITED  
    Announcement is submitted by * Enid Ling Peek Fong  
    Designation * Company Secretary  
    Date & Time of Broadcast 30-Aug-2013 18:59:25  
    Announcement No. 00207  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Announcement Title * Increase of Medium Term Note Programme Limit from S$1.5 Billion to S$5.0 Billion  
    Description
    City Developments Limited (the "Company") established a Medium Term Note Programme (the "MTN Programme") on 25 May 1999 pursuant to which the Company may from time to time issue notes (the "Notes").

    The Company wishes to announce that the MTN Programme limit has been increased from S$1.5 billion to S$5.0 billion. The net proceeds arising from the issue of the Notes (after deducting issue expenses) will be used to finance the general working capital requirements and corporate funding of the Company and its subsidiaries (the "Group"), and/or to refinance existing borrowings of the Group.

    The Notes will constitute direct, unconditional and unsecured obligations of the Company and shall at all times rank pari passu as a single class, without any preference or priority among themselves, and pari passu with all other present and future unsecured obligations (other than subordinated obligations and priorities created by law or the trust deed constituting the Notes) of the Company.

    Approval in-principle has been received from Singapore Exchange Securities Trading Limited ("SGX-ST") for the increase in the MTN Programme limit from S$1.5 billion to S$5.0 billion. Application will be made to SGX-ST for permission to deal in and quotation for any Notes which are agreed at the time of issue thereof to be so listed on SGX-ST. Such permission will be granted when such Notes have been admitted to the Official List of SGX-ST. SGX-ST assumes no responsibility for the correctness of any statements made or opinions expressed or reports contained therein. Admission to the Official List of SGX-ST and quotation of any Notes on SGX-ST is not to be taken as an indication of the merits of the MTN Programme, the Notes or the Company.

    By Order of the Board
    Shufen Loh @ Catherine Shufen Loh
    Company Secretary
    Date: 30 August 2013  
    Attachments
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