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Change - Announcement Of Retirement Of Chairman
BackDec 30, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Announcement of Retirement of Chairman |
| Date & Time of Broadcast | Dec 30, 2016 7:07 |
| Submitted By | Shane Hagan Acting CEO |
| Effective date and time | Jan 3, 2017 |
| Description | Retirement of Dr Chua Yong Hai, Chairman of Cambridge Industrial Trust Management Limited. |
| Cessation Details | |
| Name of person | Dr Chua Yong Hai |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jan 1, 2017 |
| Detailed reason(s) for cessation | For reasons of succession planning and compliance with regulatory requirements, Dr Chua Yong Hai, currently the Chairman of the CITM Board will be retiring from the Board and the various committees with effect from 1 January 2017. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| 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 |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of appointment to current position | Oct 28, 2008 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 3 |
| Job Title | Chairman of the CITM Board. |
| Role and responsibilities | Chairman of the Board of Directors, Chairman of the Investment Committee and Member of the Nominating and Remuneration Committee. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Dr Chua' wife holds 100,000 CIT units. Accordingly, he is deemed to be interested in the 100,000 CIT units held by his wife. |
| Other directorships | |
| Past (for the last 5 years) | - Asia Pacific Investment Company No 2 Limited - Quintique Investment Pte Ltd - Prime Asset Holdings Pte Ltd - Prime Retail Holdings Pte Ltd - Heartland Retail Holdings Pte Ltd - Lend Lease Asian Retail Investment Fund 6 Ltd - Sakari Resources Ltd - Singapore Corporation of Rehabilitative Enterprise - Singapore Cooperation Enterprise Ltd - Chiwayland International Ltd - Cohesive Prime Solutions Pte Ltd |
| Present | - Lend Lease Asian Retail Investment Fund (No.1) Ltd - Lend Lease Asian Retail Investment Fund (No.2) Ltd - Lend Lease Asian Retail Investment Fund (No.3) Ltd - Lend Lease Asian Retail Investment Fund (No.4) Ltd - Lend Lease Asian Retail Investment Fund (No.5) Ltd - Frasers Centrepoint Asset Management (Commercial) Ltd - Cambridge-MTN Pte Ltd - Cambridge Industrial Trust Management Limited - Cambridge SPV2 Pte. Ltd. |
Attachments
- Press Release (Size: 135,403 bytes)