News | Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 18, 2022 19:31 |
| Status | New |
| Announcement Sub Title | CESSATION OF MANAGING DIRECTOR OF ASPEN GLOVE SDN. BHD. |
| Announcement Reference | SG220618OTHRMXU8 |
| Submitted By (Co./ Ind. Name) | DATO' MURLY MANOKHARAN |
| Designation | PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER |
| Description (Please provide a detailed description of the event in the box below) | CESSATION OF MR ISKANDAR BASHA BIN ABDUL KADIR AS MANAGING DIRECTOR OF ASPEN GLOVE SDN. BHD. |
| Additional Details | |
| Name Of Person | Iskandar Basha Bin Abdul Kadir |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2022 |
| Detailed Reason (s) for cessation | Mr Iskandar Basha Bin Abdul Kadir ("Mr Iskandar") has tendered his resignation in view of Aspen Glove Sdn. Bhd.'s ("AGSB") decision to significantly scale down its operations. AGSB has accepted Mr Iskandar's resignation as Managing Director of AGSB and his effective last date of service shall be 30 June 2022. Mr Iskandar will also cease as a director of AGSB with effect from 30 June 2022. Mr Iskandar's responsibilities will be taken over by the President and Group Chief Executive Officer of the Company, Dato' Murly Manokharan. The Company expresses its gratitude to Mr Iskandar for his valuable contributions during his tenure of service and wishes him success in his future endeavours. |
| 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 | 02/09/2020 |
| 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) | 1 |
| 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.) | Managing Director of Aspen Glove Sdn. Bhd. |
| Role and responsibilities | Mr. Iskandar's responsibilities include developing and executing viable business strategies, overseeing AGSB's financial performance, operations, marketing activities, investments and business ventures as well as implementing such policies and procedures as part of the overall quality management system for AGSB. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 5% of the issued and paid-up share capital in Aspen Glove Sdn. Bhd. |
| Past (for the last 5 years) | None |
| Present | 1. Starship Port Sdn. Bhd. 2. Aspen Glove Sdn. Bhd. (To be relinquished on 30 June 2022) |