News
Change - Announcement Of Cessation Of Chief Executive Officer
BackJun 28, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 28, 2021 17:27 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Executive Officer |
| Announcement Reference | SG210628OTHREZGR |
| Submitted By (Co./ Ind. Name) | Chua Khee Hak |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chua Khee Hak as Chief Executive Officer |
| Additional Details | |
| Name Of Person | Chua Khee Hak |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2021 |
| Detailed Reason (s) for cessation | Mr Chua Khee Hak ("Mr Chua") will relinquish his position as Chief Executive Officer of the Company. Mr Chua will remain as Executive Chairman of the Company which is in line with the Company's succession plan. |
| 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 | 07/08/2013 |
| 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) | 3 |
| 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.) | Executive Chairman and Chief Executive Officer |
| Role and responsibilities | Mr Chua manages the day-to-day business operations of ERA, RIA and Coldwell Banker in Singapore and oversees the growth and development of ERA in the Asia Pacific region. |
| 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 | 80,000 ordinary shares in APAC Realty Limited |
| Past (for the last 5 years) | ISend Pte Ltd |
| Present | - APAC Investment Pte Ltd - APAC Investment 2 Pte Ltd - ERA Realty Network Pte Ltd - ERA Singapore Pte Ltd - Realty International Associates Pte Ltd - Coldwell Banker Real Estate (S) Pte Ltd - Coldwell Banker Commercial Real Estate (S) Pte Ltd - Realty Partners Investments Pte Ltd - Fang Pte Ltd - IBuild Pte Ltd - IReal Holdings Pte Ltd - Soreal Prop Pte Ltd |