| Announcement of Cessation of Executive Chairman | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | SUN EAST GROUP LIMITED |
| Company Registration No. | 35733 |
| Announcement submitted on behalf of | SUN EAST GROUP LIMITED |
| Announcement is submitted with respect to * | SUN EAST GROUP LIMITED |
| Announcement is submitted by * | Ong Beng Hong |
| Designation * | Company Secretary |
| Date & Time of Broacast | 31-Dec-2011 12:45:18 |
| Announcement No. | 00010 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Ma Ong Kee |
| Age * | 46 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 31/12/2011 |
| Detailed Reason(s) for cessation * | On 15 November 2011, Singapore Petrol Development Co Pte. Ltd. acquired a 76% interest in the issued and paid-up share capital of Sun East Group Limited ("Company"). Following the change in controlling interest of the Company and appointment of new directors by Singapore Petrol Development Co Pte. Ltd., Mr Ma will be stepping down from his position as Director of the Company |
| Is there any difference of opinion on material matters between the person and the Board of directors? * | No |
| If yes, please elaborate * | NA |
| 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 |
| Date of Appointment to current position * | 10/02/2011 |
| Job Title * | Executive Chairman |
| Role and responsibilities * | Responsible for directing the strategic directions and growth of Sun East Group Limited and its subsidiaries |
| 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 resignation) * | 2 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 6 |
| Shareholding in the listed issuer and its subsidiaries * | 180,557,045 shares |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | None |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Gimmil Industrial (Pte) Ltd Ramatex (North Asia) Pte Ltd Xi An Film Studio Pte Ltd Capital Hub Sdn Bhd Ramatex Textiles Industrial Sdn Bhd China Environment Fund OneCapital SG Limited Regal Honour Investments Limited Pure Essence Group Limited OneSolar Limited JEVRIC International Limited Acelevel Group Limited Vision Top Holdings Limited OneEquity SG (HK) Pte Ltd OneEnvironment Technology Investment Limited Sinostate Management Limited |
| Present * | Anchun International Holdings Ltd Galaxier Pte Ltd Lewiston Pte Ltd China Dongyuan Environment Pte Ltd OneEquity SG Private Limited Elitex Trading Pte Ltd Midas Fort Sdn Bhd Xi'an ZhaoGuang Estates Co Ltd One Environment Fund (formerly known as One Treasures Asia Fund 1) OneMedia Limited Cleanpower Limited InvestCapital Limited Strategic Capital Holdings Limited OneCapital Asia Fund I Ltd Fortune OneCapital Pte Ltd |
| Footnotes | The 6 cessations of appointments over the past 12 months are the cessation of directorships for Mr Ma Ong Kee, Mr Sam Kok Yin, Ms Jennifer Shum Ching Yee, Mr Sun Yeung Yeung, Mr Tham Hock Chee and Mr Yau Thiam Hwa on 31 December 2011. |
© 2011 SGX News
