ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR *

 

ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR *
* Asterisks denote mandatory information

 
Name of Announcer * PAN HONG PROPERTY GROUP LTD  
Company Registration No. 37749  
Announcement submitted on behalf of PAN HONG PROPERTY GROUP LTD  
Announcement is submitted with respect to * PAN HONG PROPERTY GROUP LTD  
Announcement is submitted by * Wong Lam Ping  
Designation * Executive Chairman  
Date & Time of Broadcast 30-Jun-2011 19:56:57  
Announcement No. 00204  
 
 

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

 

Name of person * CHAN HEUNG LING  
Age * 52  
Is Effective Date of Cessation known? * Yes  
If yes, please provide the date * 30-06-2011  
Detailed Reason(s) for cessation *
As set out on part 2.4 of the Company’s circular to shareholders dated 21 December 2010, following the proposed listing of Sino Harbour Property Group (“Sino Harbour Group”) in Hong Kong to focus on the Jiangxi Property business, it was the Company’s intention that Sino Harbour Group be managed by a management team that is separated and independent from the management team of Pan Hong Property Group with separate operational, financial and accounting teams and work force. Ms Chan Heung Ling will step down as Executive Director of Pan Hong Property Group and she will be appointed as the Non-Executive Chairman of Sino Harbour Group.  
Is there any difference of opinion on material matters between the person and the Board of directors? * No 
If yes, please elaborate * NA 
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 
If yes, please elaborate * NA 
Any other relevant information to be provided to shareholders of the listed issuer? * No 
If yes, please elaborate * NA 
Date of Appointment to current position * 03-01-2006  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Deputy Chairman  
Role and responsibilities *
Ms Chan Heung Ling is responsible for the management of overall project strategy, sales and marketing, as well as finance and business of the Group.  
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) *
Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months *
 
Shareholding * in the listed issuer and its subsidiaries *
Direct - 14,443,300
Deemed - 308,343,194  
 
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Spouse of Mr Wong Lam Ping  
 
>> OTHER DIRECTORSHIPS

 
Past (for the last 5 years) *
Kaiserin International (Hong Kong) Limited
Huzhou Liyang Housing and Landing Development Co., Ltd.
Huzhou Luzhou Housing and Landing Development Co., Ltd.
Huzhou Hongjin Market Construction & Development Co., Ltd.
Huzhou Jiangnan Hailian Construction Co., Ltd.  
Present *
Hong Kong Kam Fai Trading Development Limited
Pan Hong Company Limited
Pan Hong Investment Limited
All Grace Corporation Limited
Modern China Holdings Limited
Sino Harbour Limited
Wong"s Company Limited
Enrich H.K. Investments Limited
Far East Construction Limited
Ho Hong (HK) Management company Limited
Chan Heung Ling
Wiseidea Investments Limited
Loerie Investments Limited
Extra Good Enterprises Ltd
Huzhou Real Estate Development Co., Ltd.
Huzhou Asia City Real Estate Development Co., Ltd.
Sino Harbour Holding Limited
Sino Harbour Property Group Limited  
 
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