CHANGE - ANNOUNCEMENT OF CESSATION::RETIREMENT OF EXECUTIVE CHAIRMAN
Issuer & Securities
Issuer/ Manager
ASIA ENTERPRISES HOLDING LIMITED
Securities
ASIA ENTERPRISES HOLDING LTD - SG1S11926551 - A55
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2020 20:45:47
Status
New
Announcement Sub Title
Retirement of Executive Chairman
Announcement Reference
SG200408OTHR9HK2
Submitted By (Co./ Ind. Name)
LEE YIH CHYI
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lee Choon Bok as Executive Chairman at the forthcoming Annual General Meeting of the Company.
Additional Details
Name Of Person
Lee Choon Bok
Age
78
Is effective date of cessation known?
No
If No, please advise when the date will be announced
Mr Lee will retire at the forthcoming Annual General Meeting of the Company to be held by 29 June 2020.
Detailed Reason (s) for cessation
Retirement as Director of the Company as part of board renewal. Subsequent to his retirement, Mr Lee will be appointed as an Advisor to the Company.
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
20/01/2005
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Mr Lee is responsible for charting the Group's strategic direction.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Lee is the father of the Managing Director, Ms Lee Yih Chyi and is a substantial shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Lee holds 3,816,216 shares of the Company and is deemed to have an interest in the 127,377,350 shares held by Shenton Investment Pte. Ltd.
Past (for the last 5 years)
NIL
Present
- Director of Asia Enterprises (Private) Limited
- Director of Asia-Beni Steel Industries (Pte) Ltd
- Director of Shenton Investment Pte Ltd
Attachments
- Original document
- Permalink
Disclaimer
Asia Enterprises Holding Limited published this content on 08 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2020 13:12:04 UTC