News
Change - Announcement Of Appointment :: Appointment Of Exec. Director & Re-Designation Of Chief Financial Officer To Chief Executive Officer
BackFeb 28, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 28, 2019 17:57 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF EXEC. DIRECTOR & RE-DESIGNATION OF CHIEF FINANCIAL OFFICER TO CHIEF EXECUTIVE OFFICER |
| Announcement Reference | SG190228OTHRCKQ5 |
| Submitted By (Co./ Ind. Name) | Fazilah Abdul Rahman |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Executive Director and Re-designation of Chief Financial Officer to Chief Executive Officer. This announcement has been prepared by the Company and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg). |
| Additional Details | |
| Date Of Appointment | 28/02/2019 |
| Name Of Person | Yet Kum Meng |
| Age | 48 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Nominating and Remuneration Committee has reviewed the experience, qualification and performance of Mr. Yet Kum Meng and is satisfied that Mr. Yet possessed the requisite experience and competencies to assume the roles and responsibilities of an Executive Director and the Chief Executive Officer of the Company. The Board of Directors approved the re-designation of Mr. Yet from Chief Financial Officer to Chief Executive Officer and his appointment as an Executive Director of the Company. The appointment of Mr. Yet as Chief Executive Officer is part of the Company's leadership renewal process, aligned with its ongoing business transformation. Mr. Yet, who has been the Company's Chief Financial Officer since 2017, is conversant with the business and operations of the Group and has been playing a pivotal role as a key member of the Group's management team. The Board is confident that Mr. Yet will build on what has been achieved and continue to steer the Company towards the vision of becoming the leading Pan Asia healthcare company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Mr. Yet Kum Meng will manage and oversee the overall business and development matters of the Group. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Chief Executive Officer. |
| Professional qualifications | Mr. Yet Kum Meng graduated with a Bachelor of Accountancy (First Class Honours) from Nanyang Technological University, Singapore, in 1994. He has also obtained a Master of Business Administration from Nanyang Technological University, Singapore, in 1998. |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. |
| Conflict of interests (including any competing business) | Nil. |
| Working experience and occupation(s) during the past 10 years | May 2017 to February 2019: Chief Financial Officer, OUE Lippo Healthcare Limited May 2008 to February 2015: Board Director and CEO/President for China Real Estate Division |
| 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? | No |
| # 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) | Please refer to attached Annex A. |
| Present | Please refer to attached Annex A. |
| (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 an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Mr. Yet Kum Meng has been briefed on his role and responsibilities as a director of a listed company in Singapore and the Company will arrange for Mr. Yet Kum Meng to undertake training courses prescribed by the Exchange in connection with his duties as a Director. |
Attachments
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