See Hup Seng
Investor Relations
News
Change - Announcement Of Resignation As Group Chief Financial Controller
BackDec 31, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Announcement of Resignation as Group Chief Financial Controller |
| Securities | SHS HOLDINGS LTD. (SHSHLDG) |
| Date & Time of Broadcast | Dec 31, 2015 12:34 |
| Submitted By | Goh Koon Seng Executive Director |
| Description | Resignation of Mr Fong Wei Seong as Group Chief Financial Controller. |
| Cessation Details | |
| Name of person | Fong Wei Seong |
| Age | 40 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Dec 31, 2015 |
| Detailed reason(s) for cessation | The Group's Distribution of Refined Petroleum Products Business as previously announced was sold to the Brenntag Group and the divestment is completed on 31 December 2015. In the interests of continuity, Brenntag has offered Mr Fong Wei Seong , Group CFO of SHS Holdings Ltd and he has accepted to join as a senior management of the divested business at completion. |
| 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? | Yes |
| If yes, please provide full details | The Group CFO role will be undertaken by existing Director and Group COO, Mr Goh Koon Seng who will be re-designated as Director and Group CFO. For up to three months from 31 December 2015, Brenntag has agreed through a cost-sharing basis to allow Mr Fong Wei Seong to handover his duties to the new Group CFO to ensure a seamless transition. |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of appointment to current position | Dec 5, 2007 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 4 |
| Job Title | Group Chief Financial Officer |
| Role and responsibilities | Responsible for the overall financial management, taxation and accounting of the Group. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None |
| Present | SERANGOON EC PTE. LTD. SPEEDO CORROSION CONTROL PTE LTD SHS OFFSHORE PTE LTD GARDELLA SINGAPORE COATING PTE LTD TAT PETROLEUM PTE LTD SHS SYSTEM PTE LTD SHS CAPITAL PTE. LTD SHS SPECIAL COATING PTE LTD AXXMO INTERNATIONAL PTE LTD TAT PETROLEUM TRADING PTE. LTD. EASTERN TANKSTORE (S) PTE. LTD. LESOON EQUIPMENT PTE LTD SEE HUP SENG CP PTE. LTD. |