Change – Announcement Of Appointment Of Independent Director
| Issuer & Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Appointment |
| Announcement Subtitle | APPOINTMENT OF INDEPENDENT DIRECTOR |
| Securities | HALCYON AGRI CORPORATION LTD (HALCYON) |
| Date & Time of Broadcast | Oct 1, 2014 17:10 |
| Submitted By | Pascal Demierre Executive Director |
| Description | The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 1 February 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”).
This announcement has been prepared by the Company and its contents have been reviewed by 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 Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088. |
| Appointment Details | |
| Date of appointment | Oct 1, 2014 |
| Name of person | LIEW CHOON WEI |
| Age | 60 |
| Country of principal residence | Singapore |
| The Board’s comments on this appointment | The Board of Directors of the Company (“Board”) has constantly been on the watch for talent to contribute to the Group at the Board level. The appointment of Mr Liew, a well-qualified and experienced individual, complements the competencies and skills of the present Board members. His nomination as an Independent Director was made by the Nominating Committee, and the Board, after having reviewed Mr Liew s qualifications and experience, approved the appointment of Mr Liew as an Independent Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Independent and Non-Executive |
| Job title | Chairman of Remuneration Committee Member of Audit Committee and Nominating Committee |
| 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) | None |
| Working experience and occupation(s) during the past 10 years | July 1990 to March 2013 Audit Partner, Ernst & Young LLP 1979 to June 1990 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| 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) | Nil |
| Present | Independent Director, member of Nominating Committee & Audit, Risk and Compliance Committee, Frasers Hospitality Asset Management Pte. Ltd.
Independent Director, Frasers Hospitality Trust Management 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? | No |
| If yes, please provide full details | The Company will arrange for Mr Liew to attend relevant training to familiarise himself with the roles and responsibilities of a director of a public listed company, including seminars conducted by the Singapore Institute of Directors. |