News
Change - Announcement Of Cessation Of Appointment As Non-Executive And Non-Independent Director
Jan 15, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 15, 2024 7:40 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Appointment as Non-Executive and Non-Independent Director |
| Announcement Reference | SG240115OTHRZSIT |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Appointment as Non-Executive and Non-Independent Director |
| Additional Details | |
| Name Of Person | Chia Khong Shoong |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/03/2024 |
| Detailed Reason (s) for cessation | Mr Chia Khong Shoong has served as a Non-Executive and Non-Independent Director of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM"), the manager of Frasers Logistics & Commercial Trust ("FLCT") since 11 February 2019 and is retiring from the Board of FLCAM in line with his stepping down as Group Chief Corporate Officer of Frasers Property Limited to pursue other personal interests. The Board expresses its appreciation to Mr Chia for his dedication and invaluable contribution during his tenure of service. |
| 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 | 11/02/2019 |
| 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 cessation) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director |
| Role and responsibilities | As above. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 220,000 units in FLCT. |
| Past (for the last 5 years) | Please see attached. |
| Present | Please see attached. |
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