| Announce of Appointment of Chief Executive Officer and Executive Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CHINA SKY CHEM FIBRE CO., LTD. |
| Company Registration No. | CT-146759 |
| Announcement submitted on behalf of | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted with respect to * | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted by * | Hui San Wing |
| Designation * | Company Secretary |
| Date & Time of Broacast | 14-Sep-2012 11:24:33 |
| Announcement No. | 00023 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 13/09/2012 |
| Name * | Ling Yew Kong |
| Age * | 46 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Board of Directors of the Company has reviewed and considered Mr Ling Yew Kong's qualification and work experience and is of the opinion that he is suitable for the role of Chief Executive Officer of the Company |
| Whether appointment is executive, and if so, area of responsibility * | Executive |
| Job Title * | Chief Executive Officer and Executive Director |
| Working experience and occupation(s) during the past 10 years * | IPCO International Ltd (Executive Director/Chief Operating Officer (2001 to 2003). Communication Design International Limited - Chairman (2009 - 2010). Private Equity Investor (2004 to present). Moya Asia Limited - Chairman (Feb 2009 - Present). Firstlink Investments Corporation Ltd - Executive Chairman (May 2005 to present) |
| Shareholding in the listed issuer and its subsidiaries * | 100,000 direct interest in shares |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | NIL |
| Conflict of interest * | NIL |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | AMTROSDEN ASSETS LIMITED COMMUNICATION DESIGN INTERNATIONAL LIMITED DOWTEC PTE. LTD. GLOPEAK NZ HOTELS PTE LTD QINGHAI PROVINCE SALT INDUSTRY LTD SOLID MICRON MATERIALS PTE LTD SUPER DOME PTE. LTD. TIMBRE CAPITAL PTE. LTD. |
| Present | ALPHASKY GROUP LIMITED CK BIOFEEDS SDN BHD FIRSTLINK CAPITAL PTE. LTD. FIRSTLINK ENERGY PTE. LTD. FIRSTLINK INVESTMENT ADVISORY PTE. LTD. FIRSTLINK INVESTMENTS CORPORATION LIMITED GLOPEAK LAND PTE LTD GLOPEAK PROPERTIES AND HOTELS PTE. LTD. GOLDEN ROCK INVESTMENTS PTE. LTD. GLOBAL PAYMENT SOLUTIONS PTE. LTD. FIRST MYANMAR CAPITAL PTE. LTD. MOYA ASIA LIMITED LING CHAI HIONG SDN BHD ML CHONG SDN BHD NESBITT INVESTMENTS LIMITED PACIFIC COVE DEVELOPMENT LIMITED SINGATRONICS INVESTMENT PTE LTD TERRA PONTUS PTE. LTD. TX CAPITAL 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? | Yes Please refer to footnote below |
| >> 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 | Please see OTHER DIRECTORSHIPS above. |
| Footnotes | No in his personal capacity. On entity level: (1) Firstlink Investments Corporation Ltd received a public reprimand from SGX on 6 July 2005 for failing to announce immediately on the acquisitions of Golden Concept Enterprise Limited and La Petite Bodyline UK Limited. The acquisitions were completed on 30 December 2004. Mr Ling was appointed onto the Board of Directors of Firstlink Investments Corporation Ltd on 20 May 2005. It was noted that the above breach had taken place before his appointment. (2) Moya Asia Limited received a public reprimand from SGX on 2 April 2009 for the breaches of: (a) late and inadequate announcement of the disposal of its subsidiary, Dayen Water Engineering (Shenyang) Co. Ltd and failure to fully disclose the details required. The disposal was completed on 8 April 2008. (b) Failure to promptly disclose material updates on two sewage treatment projects and announce significant use of funds from placement proceeds. (c) Conditions for the approval in-principle of the listing and quotation of additional shares relating to two placement exercises. The placement exercises took place on 25 January 2008 and 13 May 2008. (d) Failure to hold its Annual General Meeting within four months of the close of its financial year (FY2008). The deadline to hold the AGM was 31 January 2009. Mr Ling was appointed onto the Board of Directors of Moya Asia Limited on 12 February 2009. It was noted that the above breaches had taken place before his appointment. |
© 2012 SGX News
