News
Change - Announcement Of Resignation As Executive Director And Chief Executive Officer ("CEO")
BackFeb 09, 2018
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 9, 2018 19:46 |
| Status | New |
| Announcement Sub Title | Resignation as Executive Director and Chief Executive Officer ("CEO") |
| Announcement Reference | SG180209OTHRUBN2 |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation as Executive Director and CEO. The Board of Directors (the "Board") of EC World Asset Management Pte Ltd, as manager of EC World REIT (the "Manager") has identified a candidate to act as the CEO of the Manager and will make the relevant announcements once the necessary regulatory approval has been obtained. The management staff of the Manager, with the support of the Board, will continue to manage EC World REIT in the meantime. Sponsor's Statement: DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT. |
| Additional Details | |
| Name Of Person | Alvin Cheng Yu-Dong |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 09/02/2018 |
| Detailed Reason (s) for cessation | To pursue other professional interests. |
| 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 | 04/05/2017 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and CEO |
| Role and responsibilities | Responsible for the overall operational efficiency, growth and profitability of EC World REIT portfolio and the Manager. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NIL |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 100,000 units in EC World REIT |
| Past (for the last 5 years) | Amare Investment Management Group Pte. Ltd. LMIRT Management Ltd. Detos Properties Pte. Ltd. Gajah Mada Investments Pte. Ltd. GMP Interntional Holdings Pte. Ltd. Grace Capital Pte Ltd Great Properties Pte Ltd Icon2 Investments Pte Ltd Java Properties Pte. Ltd. KMT1 Holdings Pte Ltd KMT2 Investment Pte Ltd LMIRT Capital Pte Ltd Madiun Properties Pte Ltd Mal Lippo Investments Pte Ltd Matos Properties Pte Ltd Metropolis Properties Pte Ltd MLC Holdings Pte. Ltd. Palladium Properties Pte Ltd Picon1 Holdings Pte Ltd Picon2 Investments Pte Ltd Plaza Medan Investments Pte Ltd Pluit Village Investments Pte Ltd PMF Holdings Pte Ltd PV International Holdings Pte Ltd Realty Overseas Pte Ltd Serpong Properties Pte Ltd Binjaimall Holdings Pte Ltd Kramati Holdings Pte Ltd Kramat Jati Investment Pte Ltd Super Binjai Investment Pte Ltd Palembang Square Holdings Pte Ltd Palem Square Investment Pte Ltd Pejaten Holdings Pte Ltd Pejatenmall Investment Pte Ltd PSEXT Investment Pte Ltd PSX Holdings Pte Ltd Taminis Holdings Pte Ltd Tamini Square Investment Pte Ltd Cibubur Holdings Pte Ltd CJ Retail Investment Pte Ltd Elok Holdings Pte Ltd EP International Investments Pte Ltd Fenton Investments Pte Ltd Magnus Investments Pte Ltd Plaza Semanggi Investments Pte Ltd PS International Holdings Pte Ltd Maxia Investments Pte Ltd Tangent Investments Pte Ltd Kuta1 Holdings Pte Ltd Kuta2 Investments Pte Ltd Fullwealth Investment Pte. Ltd. Prorich Investment Pte. Ltd. Magnasset Investment Pte. Ltd. Richport Investment Pte. Ltd. Richwin Investment Pte. Ltd. JY Logistics Investment Pte. Ltd. |
| Present | Nil |
Attachments
- Attachment 1 (Size: 84,409 bytes)