News
Announcement Of Appointment Of Executive Director
BackAug 04, 2011
| Appointment Details | ||
| Date of Appointment | 04/08/2011 | |
| Name | Wong Boon Huat | |
| Age | 45 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Wong Boon Huat has over 20 years of experience in the relevant offshore, marine and environmental industry in Singapore and is currently the managing director of Top Great Engineering and Marine Pte Ltd ("Top Great") where he is responsible for the general management, overall strategic planning and charting the direction of the Top Great and its subsidiaries ("Top Great Group"). The board of directors of the Company, after having reviewed Mr Wong's credentials and experience, has approved his appointment as an executive director of the Company. | |
| Whether appointment is executive, and if so, area of responsibility | Appointment is executive. Mr Wong Boon Huat will be primarily responsible for the general management of the Top Great Group. In addition, he will also oversee the offshore and marine operations of the Group's premises at Penjuru Road. | |
| Job Title | Executive Director | |
| Working experience and occupation(s) during the past 10 years | Since 2001, Mr Wong has been the managing director of the Top Great Group where he is responsible for the general management, overall strategic planning and the charting of the direction of the Top Great Group. | |
| Shareholding in the listed issuer and its subsidiaries | Nil. Pursuant to the terms of the sale and purchase agreement in relation to the acquisition of the entire issued and paid-up share capital of Top Great by the Company ("Top Great Acquisition"), the Company will be issuing, over 3 payment tranches, up to 22,133,902 new ordinary shares in the capital of the Company to Mr Wong as part-satisfaction of the purchase consideration under the Top Great Acquisition due to Mr Wong. |
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| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. | |
| Conflict of interest | Nil. | |
| Other Directorship | ||
| Past (for the last five years) | Eastern Rise Engineering Pte. Ltd. (Voluntary Liquidation) | |
| Present | Top Great Engineering & Marine Pte Ltd Top Great Holdings Pte Ltd TG Offshore Pte. Ltd. Mclink Asia Pte. Ltd. |
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| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | Mr Wong has attended a briefing conducted by Shook Lin & Bok LLP in July 2011 to familiarise himself with the roles and responsibilities of a director of a public listed company and will also be arranging for Mr Wong to attend courses on the same subject. |
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| Other Notes | ||
| Footnotes | This announcement and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor"), for compliance with the relevant rules of the SGX-ST, this being the Catalist Rules. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Mah Kah Loon, Head, Corporate Finance, CIMB Bank Berhad, Singapore Branch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337-5115. |
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