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Change - Announcement Of Cessation Of Chief Operating Officer Of Oilfiled Services
BackDec 13, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 13, 2024 18:07 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Operating Officer of Oilfiled Services |
| Announcement Reference | SG241213OTHRBGCR |
| Submitted By (Co./ Ind. Name) | Tan Keng Siong Thomas |
| Designation | Executive Chairman & CEO |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542 |
| Additional Details | |
| Name Of Person | Yeo Seh Hong Lilian |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2024 |
| Detailed Reason (s) for cessation | Ms Yeo Seh Hong Lilian ("Ms Yeo") will retire as the Chief Operating Officer of Oilfield Services of the Group with effect from 31 December 2024. She will be engaged as the consultant of the Group till 31 December 2025 to ensure a smooth transition for the Group. After having interviewed Ms Yeo and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Ms Yeo as the Chief Operating Officer of Oilfield Services of the Group. |
| 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 | 01/04/2020 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Operating Officer of Oilfield Services |
| Role and responsibilities | Manage the Group's oilfield & drilling customers, handling their commercial enquiries for oilfield products and services such as agency, mooring, drilling tubulars and drilling equipment. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 100000 |
| Past (for the last 5 years) | Nil |
| Present | Alpine Progress Shipping Pte. Ltd. Bridgewater 130 Pte. Ltd. Bridgewater 131 Pte. Ltd. Bridgewater 132 Pte. Ltd. Khan Hin Engineering Pte. Ltd. Kim Heng Agency Pte. Ltd. Kim Heng Heavy Equipment Pte. Ltd. Kim Heng Marine & Oilfield Pte. Ltd. Kim Heng Marine Construction Pte. Ltd. Kim Heng Maritime Pte. Ltd. Kim Heng Offshore & Marine Pte. Ltd. Kim Heng Shipbuilding & Engineering Pte. Ltd. Kim Heng Tubulars Pte. Ltd. Zale Offshore Response Pte. Ltd. |
