Change - Announcement Of Promotion From Deputy Chief Financial Officer To Chief Financial Officer

BackJun 01, 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jun 1, 2018 22:23
Status New
Announcement Sub Title Promotion from Deputy Chief Financial Officer to Chief Financial Officer
Announcement Reference SG180601OTHR6VZU
Submitted By (Co./ Ind. Name) Anthony Ang Meng Huat
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Promotion from Deputy Chief Financial Officer to Chief Financial Officer

Sponsorship Statement:

DBS Bank Ltd. is the sole financial adviser and issue manager to the Offering (the "Sole Financial Adviser and Issue Manager"). DBS Bank Ltd. and Bank of China Limited, Singapore Branch are the joint global coordinators to the Offering (collectively, the "Joint Global Coordinators"). DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. are the joint bookrunners and underwriters to the Offering (collectively, the "Joint Bookrunners and Underwriters").
Additional Details
Date Of Appointment 01/06/2018
Name Of Person Fred Chee Kin Yuen
Age 52
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Fred Chee joined Sasseur Asset Management Pte. Ltd. (as Manager of Sasseur Real Estate Investment Trust) as the Deputy Chief Financial Officer in March 2018 and brings with him a wealth of 29 years of experience in financial management in banking, real estate and property fund management. The Board having considered (i) the recommendation of the Nominating and Remuneration Committee; and (ii) Mr Fred Chee's qualifications and experience, is of the view that he has the requisite experience and capabilities to assume the responsibilities of the Chief Financial Officer and supports his promotion from Deputy Chief Financial Officer to Chief Financial Officer of the Manager.
Whether appointment is executive, and if so, the area of responsibility The appointment is executive. Mr Fred Chee will work with the Chief Executive Officer and the Manager's Management to formulate strategic plans for Sasseur REIT in accordance with the Manager's capital management strategy. He is also responsible for finance-related matters, including corporate finance, financial planning, accounting, budgetary controls, treasury, tax, and audit, internal controls and compliance reporting.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Financial Officer
Familial relationship with any director 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 August 2009 to March 2013 - Finance Director of ARA Managers (Asia Dragon) Pte Ltd (as Manager of ARA Asia Dragon Fund, the ARA Group s flagship private real estate fund)
April 2013 - March 2018 - Chief Financial Officer, China of Sunway Berhad
March 2018 to Present - Deputy Chief Financial Officer of Sasseur Asset Management Pte. Ltd. (as Manager of Sasseur Real Estate Investment Trust)
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 see attached Appendix 1.
Present Mglory Pte. Ltd.
(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 a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company N/A

Attachments

  1. Appendix 1 (Size: 22,801 bytes)