Change - Announcement Of Appointment Of Mr Ng Wai King As Non-Executive Independent Director
BackNov 03, 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Nov 3, 2020 6:17 |
| Status | New |
| Announcement Sub Title | Appointment of Mr Ng Wai King as Non-Executive Independent Director |
| Announcement Reference | SG201103OTHRNB24 |
| Submitted By (Co./ Ind. Name) | Lee Ju Lin, Audrey |
| Designation | Company Secretary, CapitaLand Integrated Commercial Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Ng Wai King as Non-Executive Independent Director and a Member of the Audit Committee. |
| Additional Details | |
| Date Of Appointment | 03/11/2020 |
| Name Of Person | Mr Ng Wai King |
| Age | 54 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Ng Wai King was a director of CapitaLand Commercial Trust Management Limited ("CCTML"), the manager of CapitaLand Commercial Trust ("CCT") prior to its merger with CapitaLand Mall Trust ("CMT"). Following the merger, the reconstituted Board shall comprise members from CapitaLand Integrated Commercial Trust Management Limited (formerly known as CapitaLand Mall Trust Management Limited) ("CICTML") and CCTML's boards, to provide assurance of continuity to unitholders and achieve an optimal balance of experience, skills and knowledge relevant to the merged entity's business. Given CapitaLand Integrated Commercial Trust ("CICT")'s expanded investment mandate and enlarged portfolio which encompass office assets as well as a wider geographical focus, Mr Ng's prior experience and knowledge as a board member of CCTML coupled with his outstanding professional credentials and expertise would be beneficial to the merged entity, and he will be able to contribute to the deliberations of the Board of CICTML. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director and Member of the Audit Committee |
| Professional qualifications | Advocate and Solicitor, Supreme Court of Singapore |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | March 2016 to Present Managing Partner, WongPartnership LLP April 2013 to February 2016 Joint Managing Partner, WongPartnership LLP April 2006 to March 2013 Partner, WongPartnership LLP |
| 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? | Yes |
| Shareholding Details | 18,994 units in CapitaLand Integrated Commercial Trust (direct interest). |
| # 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) | Please refer to the attached Appendix A. |
| Present | Please refer to the attached Appendix A. |
| (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? | Yes |
| If Yes, Please provide full details | Mr Ng was the subject of a complaint in 2013 by another lawyer acting for another party in connection with a transaction involving their respective clients. An inquiry committee was constituted under the Legal Profession Act to inquire into the matter. Having deliberated on the matter, the inquiry committee formed the unanimous view that there was not necessity for a formal investigation by a Disciplinary Tribunal. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | 1. Mr Ng is currently a Non-Executive Director of Singapore Exchange Limited which is listed on the Singapore Exchange Securities Trading Limited ("SGX-ST"). 2. Mr Ng was a Non-Executive Director of CapitaLand Commercial Trust Management Limited, as manager of CapitaLand Commercial Trust ("CCT"). CCT was listed on the SGX-ST. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | N.A. |
Attachments
- Appendix A (Size: 64,022 bytes)
