Investor Relations - News
Announcement Of Appointment Of Independent Director Who Is An Audit Committee Member
BackMay 18, 2012
| Appointment Details | ||
| Date of Appointment | 18/05/2012 | |
| Name | Chew Soo Lin | |
| Age | 64 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board has considered Mr Chew Soo Lin's credentials and is of the view that his expertise and experience will contribute positively to and supplement the existing expertise and experience of the Board members. | |
| Whether appointment is executive, and if so, area of responsibility | Non-executive | |
| Job Title | Independent Director and Audit Committee Member | |
| Working experience and occupation(s) during the past 10 years | Mr Chew qualified as a Chartered Accountant in 1971. He then returned to Singapore and worked for an international auditing firm until 1978 when he joined Khong Guan Group of Companies, assuming responsibilities in administration, manufacturing and financial management. Mr Chew, who is an Executive Director of Khong Guan Flour Milling Limited, was appointed Chairman on 23 August 2007. Since June 2007, he has been an Independent Director and a Member of the Audit Committee of Asia-Pacific Strategic Investments Ltd. In August 2011, he was also appointed an Independent Director and a Member of the Audit Committee of Duty Free International Limited. Mr Chew was previously Deputy Managing Director of Khong Guan Holdings (Malaysia) Bhd and Executive Director of United Malayan Flour Mills Bhd, which were public listed companies in Malaysia. |
|
| Shareholding in the listed issuer and its subsidiaries | Nil | |
| 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 | ||
| Past (for the last five years) | 1) Eropagnis Investment Pte Ltd 2) Hoe Heng Tin Factory (Private) Limited 3) Lishing Private Limited 4) Sumguan Private Limited 5) Miss Kate International Marketing Pte Ltd 6) Chung Ying Confectionery & Food Product Sdn Bhd 7) Lian Teck General Trading Sdn Bhd |
|
| Present | 1) Asia-Pacific Strategic Investments Limited 2) Duty Free International Limited 3) Khong Guan Flour Milling Ltd 4) Cepheus Corporation Pte Ltd 5) Inter-Ocean Shipping Co Pte Ltd 6) KG Management Pte Ltd 7) Khong Guan Biscuit Factory (Singapore) Private Limited 8) Khong Guan Development Pte Ltd 9) Khong Guan Food Product Pte Ltd 10) Khong Guan Group Pte Ltd 11) Khong Guan Land Pte Ltd 12) Khong Guan Trading Pte Ltd 13) Singuan Realty Pte Ltd 14) Tau Meng Investment Pte Ltd 15) Victus Marketing Pte Ltd 16) Yinyu Pte Ltd 17) Borneo Biscuit Factory Sdn Bhd 18) Borneo Can Sendirian Berhad 19) Cereal Products (M) Sdn Berhad 20) Federal Oats Mills Sdn Bhd 21) Khian Guan Biscuit Manufacturing Company Sdn Berhad 22) Khong Guan Biscuit Factory (Borneo) Sendirian Berhad 23) Khong Guan Biscuit Factory (Johore) Sdn Bhd 24) Khong Guan Enterprises Sdn Berhad 25) Khong Guan Management Sdn Bhd 26) Khong Guan Vegetable Oil Refinery Sdn Bhd 27) Leong Hong Oil Mill Sdn Bhd 28) Lian Seng Hang Sdn Bhd 29) Poh Seng Trading (Ipoh) Sdn Berhad 30) Swee Hin Chan Company Sdn Berhad 31) Tong Guan Food Products Sdn Bhd 32) United Malayan Flour (1996) Sdn Bhd 33) Far East Biscuit Factory (Hong Kong) Limited 34) Khong Guan Biscuit And Confectionery Manufacturing Company Limited 35) Khong Guan Overseas Investment Limited 36) Twenty Century Investment Company Limited 37) Nutrifood Limited 38) Henan Khong Guan Cereal And Oil Food Products Co Ltd 39) Far East Biscuit Factory (China) Ltd 40) Shanghai Eastern Asia Food Products Co. Ltd 41) Tianjin Charming Foodstuff Co. Ltd |
|
| Information required pursuant to Listing Rule 704(7)(h) | ||
| 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 pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | Yes | |
| If yes, please provide details of prior experience. | 1) Asia-Pacific Strategic Investments Limited
2) Duty Free International Limited
3) Khong Guan Flour Milling Ltd |
|