News
Change - Announcement Of Resignation Of General Manager Of Gliderol Doors (S) Pte. Ltd.
BackNov 20, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 20, 2017 19:20 |
| Status | New |
| Announcement Sub Title | Resignation of General Manager of Gliderol Doors (S) Pte. Ltd. |
| Announcement Reference | SG171120OTHR04FZ |
| Submitted By (Co./ Ind. Name) | Sharon Yeoh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of General Manager of Gliderol Doors (S) Pte. Ltd. This announcement has been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. 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 Ms Tan Cher Ting, Director, Investment Banking, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115. |
| Additional Details | |
| Name Of Person | Liu Fang-Kai |
| Age | 39 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2017 |
| Detailed Reason (s) for cessation | To pursue other business interests. The Company's Sponsor after having interviewed Mr Liu, is not aware of any material reasons relating to his resignation as the General Manager of Gliderol Doors (S) Pte. Ltd., a wholly-owned subsidiary of GDS Global Limited, which have an adverse impact on the Group. |
| 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 | 01/04/2016 |
| 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) | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | General Manager of Gliderol Doors (S) Pte. Ltd., a wholly-owned subsidiary of GDS Global Limited. |
| Role and responsibilities | Mr Liu is responsible for the general management of the operations and the formulation of the strategic directions and expansions of Gliderol Doors (S) Pte. Ltd. He reports directly to Mr Wong Lok Yung, Chairman and Chief Executive Officer, of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | GDS Global Limited - 400,000 ordinary shares (registered under CIMB Securities (Singapore) Pte. Ltd.) (representing approximately 0.36% of the total issued shares of the Company) |
| Past (for the last 5 years) | Director, Gliderol Doors Taiwan Limited |
| Present | Director, Yonliderol Limited Director, Gliderol Doors Asia Limited |