Foreland FabriT - Change - Announcement of Cessation::Announcement of Cessation as Independent Director who is an Audit Committee Member
Announcement Type: Announcement of Cessation
Company: FORELAND FABRICTECH HLDS LTD
Stock Code/Name: B0I - Foreland FabriT
Company: FORELAND FABRICTECH HLDS LTD
Stock Code/Name: B0I - Foreland FabriT
| Change - Announcement of Cessation::Announcement of Cessation as Independent Director who is an Audit Committee Member |
| Issuer & Securities |
| Issuer/ Manager | FORELAND FABRICTECH HLDS LTD |
| Securities | FORELAND FABRICTECH HLDS LTD - BMG3658Z1041 - B0I |
| Stapled Security | No |
| Announcement Details |
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | 04-Nov-2014 22:01:34 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation as Independent Director who is an Audit Committee Member |
| Announcement Reference | SG141104OTHR8IPU |
| Submitted By (Co./ Ind. Name) | Tsoi Kin Chit |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Mr Leow Yong Kin has provided one month's notice of his resignation to the Board with effect from 31 October 2014. The Board of Directors of Foreland Fabrictech Holdings Limited (the Company together with its subsidiaries, the Group) wishes to announce the resignation of Mr Leow Yong Kin as an Independent Director of the Company with effect from 30 November 2014. Mr Leow will also cease to be the Chairman of the Audit Committee, member of the Nominating Committee and Remuneration Committee. The Board would like to express its appreciation to Mr Leow for his contribution as Independent Director and the chairing of the Audit Committee. The Company will appoint new Independent Director to fill up the vacancy as soon as possible and will announce the appointment accordingly. |
| Additional Details |
| Name Of Person | Leow Yong Kin |
| Age | 42 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2014 |
| Detailed Reason (s) for cessation | Differences in opinion with the Management in relation to the appointment of Auditors. |
| 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 | 05/06/2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 7 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the AC, member of NC and RC. |
| Role and responsibilities | Non Executive Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | None |
| Present | None |
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