Email This Print This News

Change - Announcement Of Of Acting Chief Executive Officer ("CEO") And Executive Director ("ED")

BackFeb 14, 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Feb 14, 2018 19:46
Status New
Announcement Sub Title Appointment of Acting Chief Executive Officer ("CEO") and Executive Director ("ED")
Announcement Reference SG180214OTHR6BKD
Submitted By (Co./ Ind. Name) Josephine Toh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Acting CEO and ED.

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
Date Of Appointment 14/02/2018
Name Of Person Goh Toh Sim
Age 61
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Following the departure of Mr Alvin Cheng as CEO and Executive Director of EC World Asset Management Pte. Ltd., as manager of EC World REIT (the "Manager") effective 9 February 2018, the Nominating and Remuneration Committee ("NRC") and the Board of Directors (the "Board") of the Manager have approved the appointment of Mr Goh Toh Sim ("Mr Goh") as Acting CEO and Executive Director of the Manager. The NRC and the Board have considered the track record, experience and expertise of Mr Goh will benefit EC World REIT, particularly Mr Goh's previous appointment as an Executive Director and President of Investment and Asset Management of the Manager before his Non-Executive Director role of the Manager.
Whether appointment is executive, and if so, the area of responsibility Executive. Responsible for the overall operational efficiency, growth and profitability of EC World REIT portfolio and the Manager until a permanent CEO is identified and appointed.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Acting CEO and ED
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
Working experience and occupation(s) during the past 10 years November 2017 - February 2018
CEO of Forchn International Pte Ltd

May 2016 - November 2017
President of Investment & Asset Management of EC World Asset Management Pte. Ltd.

November 2009 - February 2016
Chief Representative in China of Keppel Corporation Limited

July 2006 - November 2009
CEO of Evergo Properties Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 684,320 units in EC World REIT
# 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) Keppel Land China Pte Ltd
Singapore-Suzhou Township Development Pte Ltd
Singapore Tianjin Eco-City Investment Holdings Pte. Ltd. (formerly known as Gracewood Investments Pte. Ltd.)
Keppel Group Eco-City Investments Pte. Ltd.
Substantial Enterprises Limited
Tianjin Eco-City Water Investment & Construction Co., Ltd
Tianjin Eco city Keppel New Energy Development Co., Ltd
Changzhou Fushi Housing Development Pte. Ltd.
Twister Investments Limited
Forchn International Pte. Ltd.
Forchn Global Pte. Ltd.

Present EC World Asset Management 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.
(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
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of a listed company? Yes
If Yes, Please provide details of prior experience Mr Goh is currently the Non-ED of the Manager of EC World REIT.

Attachments

  1. Press Release (Size: 293,781 bytes)