| Announce of Appointment of Independent Non-Executive Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | TREASURY HOLDINGS REAL ESTATE PTE. LTD. |
| Company Registration No. | 201003233M |
| Announcement submitted on behalf of | TREASURY CHINA TRUST |
| Announcement is submitted with respect to * | TREASURY CHINA TRUST |
| Announcement is submitted by * | Maria McDermott |
| Designation * | Company Secretary |
| Date & Time of Broacast | 21-May-2012 06:46:00 |
| Announcement No. | 00002 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 18/05/2012 |
| Name * | Graham Sugden |
| Age * | 56 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Board is of the opinion that given Mr. Sugden's experience in the Asian real estate markets, his appointment to the Trustee-Manager will enhance the existing knowledge and skill set of the Board as well as raising the profile of TCT. |
| Whether appointment is executive, and if so, area of responsibility * | Non Executive. He will be an Independent Director and will also be appointed to the Audit Committee and Unit Option Scheme Committee. |
| Job Title * | Independent Non-Executive Director |
| Working experience and occupation(s) during the past 10 years * | 2000 to 2002 - Head of Special Projects Macquarie Bank Limited, Property Investment Management in Sydney 2002 to 2004 - CEO Macquarie International Asset Management Co., South Korea 2004 to 2005 - Head of New Business Development, SE Asia, Property Investment Management for the Macquarie Group, based in Malaysia with travel to Singapore 2005 to 2006 - Deputy CEO, Macquarie Pacific Star Prime REIT Management Limited, Singapore 2006 to 2007 - General Manager, Macquarie Office Trust, Macquarie Real Estate Capital, Sydney 2007 to 2008 - CEO AMP Capital Investors (Singapore) REIT Management Limited 2008 to 2012 - Head of Asian Funds Management AMP Capital Investors (Singapore) Pte Ltd. |
| Shareholding in the listed issuer and its subsidiaries * | 15,000 units held in his own name. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | None |
| Conflict of interest * | None |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | Success Ventures Pte Limited, Singapore - resigned 27.04.11 Sherington Pte Limited, Singapore - resigned 27.04.11 Asia Pacific Real Estate Association Limited - resigned 21.09.11 AMP Capital Investors and Industrial (Singapore) Pte Ltd, Singapore - resigned 20.01.12 Avenue Solutions Pte Limited, Singapore - resigned 26.01.12 Huge Rise Pte Limited, Singapore - resigned 26.01.12 AIMS AMP Capital Industrial REIT Management Limited - resigned 27.01.12 AIMS AMP Capital Property Management Pte Ltd - resigned 27.01.12 |
| Present | White Rose Associates Pte Ltd |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| (b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| (c) * Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| (f) * Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| (h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| (i) * Whether he has ever been the subject of any order, judgement 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, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (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 |
| >> Information required under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide details of prior experience | AIMS AMP Capital Industrial REIT Management Limited as manager to AIMS AMP Capital Industrial REIT (a listed REIT) |
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