Vallianz : Change - Announcement Of Appointment Of Chief Executive Officer

Announcement Title	Change - Announcement of Appointment
Announcement Subtitle	APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Securities	VALLIANZ HOLDINGS LIMITED (VALLIANZ)
Date & Time of Broadcast	Jan 13, 2015 21:20
Submitted By	Raymond Kim Goh Non-Executive Chairman
Description	This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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. Bernard Lui. Telephone number: 6389 3000 Email: [e-mail]
Appointment Details
Date of appointment	Jan 13, 2015
Name of person	Ling Yong Wah
Age	48
Country of principal residence	Singapore
The Board's comments on this appointment	The Nominating Committee and the Board having considered the past performance and contribution of Mr. Ling and is of the view that Mr. Ling is able to hold the position of Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility	Executive. Responsible for the business, management and operation of the Company and its subsidiaries.
Job title	Executive Director and Chief Executive Officer.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	None.
Conflict of interests (including any competing business)	None.
Working experience and occupation(s) during the past 10 years	Mr. Ling joined SEAVI Advent Corporation, a Singapore based private equity firm focused on expansion capital and mid-market buyouts in the Asia Pacific region in April 2000. Mr. Ling left SEAVI in August 2013 as a partner of the firm. Mr. Ling joined Vallianz Holdings Limited in March 2014 as Executive Director.
Shareholding interest in the listed issuer and its subsidiaries	Yes
Shareholding details	1,000,000 shares in Vallianz Holdings Limited.
Other Directorships
Note: 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)	China Sunsine Chemical Holdings Ltd EDMI Limited Kreuz Holdings Limited Shengli Oil & Gas Pipe Holdings Ltd SEAVI Advent Corporation Limited
Present	Frencken Group Limited MN Investments Holding (Pte.) Ltd. Vallianz Holdings Limited Samson Marine Pte. Ltd. Vallianz Marine Pte. Ltd. Resolute Pte. Ltd. Vallianz Offshore Marine Pte. Ltd. Vallianz Corporate Services Pte. Ltd. Vallianz Shipbuilding & Engineering Pte. Ltd. Vallianz Capital Ltd. Vallianz Engineering Limited Vallianz International Pte. Ltd. Vallianz Offshore Capital Mexico, S.A. DE CV SOFOM, E.N.R. Jetlee Shipbuilding & Engineering Pte. Ltd. OER Holdings Pte. Ltd. Offshore Engineering Resources Pte. Ltd. OER Services Pte. Ltd. OER Offshore Pte. Ltd. Pemimpin Offshore Inc Deepsea Venture (L) Inc MDSV 1 (L) Inc Four Fugus Pte. Ltd.
Information Required Persuant To Listing Rule 704(7)(H)
(a) Whether at any time during the past 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 any 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 with 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 persuant to Listing Rule 704(7)(I)
Note: Disclosure applicable to the appointment of Director only
Any prior experience as a director of a listed company?	Yes
If yes, please provide full details	EDMI Limited - Chairman of Audit Committee and member of Remuneration Committee from September 2003 to November 2011. Frencken Group Limited - Chairman of Audit Committee and member of Nominating Committee since May 2005 to current. Kreuz Holdings Limited - Chairman of Audit Committee since June 2010 to March 2014. China Sunsine Chemical Holdings Ltd - Non-Executive Director from March 2007 to September 2010. Shengli Oil & Gas Pipe Holdings Ltd (HKEx) - Non-Executive Director from July 2009 to June 2011.