Change – Announcement of Appointment: Appointment of Interim Chief Financial Officer
| Issuer/ Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ HALCYONAGRI S$125M6.5%N190731 – SG6SC1000002 – 13QB |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Appointment |
| Date & Time of Broadcast | 01-Mar-2017 17:52:29 |
| Status | New |
| Announcement Sub Title | Appointment of Interim Chief Financial Officer |
| Announcement Reference | SG170301OTHR4MG9 |
| Submitted By | Pascal Demierre |
| Designation | Executive Director |
| Description | Mr Ng Eng Kiat, presently the Chief Executive Officer, Indonesia, will serve as Chief Financial Officer (“CFO”) with effect from 1 March 2017, in the interim period before a new CFO joins the Company. |
| Additional Details | |
| Date of Appointment | 01/03/2017 |
| Name of Person | NG ENG KIAT |
| Age | 37 |
| Country Of Principal Residence | Singapore |
| The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Ng was the Group’s CFO for the period from 1 January 2013 to 31 December 2016, before he was designated as Chief Executive Officer, Indonesia on 1 January 2017.
The Board is satisfied that Mr Ng possesses the requisite qualifications and work experiences, and he is the most suitable person for the position of interim CFO. The Board unanimously approved the appointment of Mr Ng as the interim CFO. |
| Whether appointment is executive, and if so, the area of responsibility | Executive.
As the Group’s CFO, Mr Ng is responsible for the Group’s financial affairs, including corporate finance, treasury and capital management. He will be assisted by the Group Financial Controller and the Group Treasurer. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer Chief Executive Officer, Indonesia |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Jan 2017 to Present Chief Executive Officer, Indonesia of Halcyon Agri Corporation LimitedJan 2013 to December 2016 Group Chief Financial Officer of Halcyon Agri Corporation Limited 2011 to 2012 2010 to 2011 2005 to 2010 |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | JFL Rubber Sdn. Bhd. |
| Present | (i) Halcyon Rubber Company Pte. Ltd. (ii) Halcyon Agri (Malaysia) Sdn. Bhd. (iii) Halcyon Rubber Estates Sdn. Bhd. (iv) Hevea KB Sdn. Bhd. (v) JFL Agro Sdn. Bhd. (vi) JFL Holdings Sdn. Bhd. (vii) Centrotrade Commodities Malaysia Sdn. Bhd. (viii) Teck Bee Hang Co., Ltd. (xiv) Euroma Rubber Industries Sendirian Berhad |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (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 |
| Any prior experience as a director of a listed company? | No |
| If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | Not Applicable |