News
Change - Announcement Of Appointment Of Chief Financial Officer
BackMar 31, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 31, 2023 17:22 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Financial Officer |
| Announcement Reference | SG230331OTHRSNK5 |
| Submitted By (Co./ Ind. Name) | ARA Trust Management (USH) Pte. Ltd. / Low Mei Mei, Maureen |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Chief Financial Officer |
| Additional Details | |
| Date Of Appointment | 01/04/2023 |
| Name Of Person | Ling Hong Liang |
| Age | 44 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, having considered Mr. Ling Hong Liang's qualifications and experience, is satisfied that Mr. Ling Hong Liang has the requisite knowledge and experience to assume the duties and responsibilities as CFO. |
| Whether appointment is executive, and if so, the area of responsibility | The position is executive. Mr. Ling will work with the CEO and other members of the management team in the execution of key business strategies of ARA US Hospitality Trust. Mr. Ling is also responsible for all finance and investor relations matters for ARA US Hospitality Trust. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Professional qualifications | Chartered Accountant, Institute of Singapore Chartered Accountants Bachelor of Accountancy, Nanyang Technological University 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 | None |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | June 2022 to March 2023 Finance Director, ARA Private Funds, Real Estate March 2019 to May 2022 Finance Director, ARA US Hospitality Trust September 2011 to March 2019 Vice President, Group Deputy Controller, GLP Pte. Ltd. |
| 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 | 160,000 |
| # 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) | Nil |
| Present | Bras Basah Acquisition Limited Bras Basah Holdings Limited Bras Basah Investments Limited Bras Basah JV Limited ARA (AREP Asia II) Limited Victorian Investment Holding Pte. Ltd. Victorian Property Holding Pte. Ltd. Island Robinson Holding 1 Limited Island Robinson Holding 2 Limited Island Robinson Investment Limited Island Robinson Holding 3 Limited Ivory SL Holding Limited Shanghai Chongyi Real Estate Co., Ltd. BEAF Investments Limited CIP Acquisitions Limited CIP Alpha Holdings Limited CIP BEAF Holdings Limited CIP Investments Limited Trophy Limited CIP Polaris Holdings Limited RTC Limited BEAF Investments (HK) Limited Global Glitter Limited Smart Dynasty Limited Dalian Boyuan Co., Ltd. Global (Shanghai) Real Estate Development Co., Ltd Shanghai Xin Mao Property Development Co., Ltd Golden Centre Investments Limited Land Express (Golden Centre) Limited MIP Holdings Limited MIP R.E. Investments Limited Peninsula Asia Holdings Limited PIP Canberra Investments Limited PIP Capital Square Investments Limited PIP Asia Holdings Limited Peninsula Century Holdings Limited PIP R.E. Holdings Limited Capital Square Pte. Ltd. Street Square Pte. Ltd. Tiger III Limited Tiger IV Limited Tiger V Limited Tiger VI Limited H3 Tiger Holdings Limited Harmonie III Holdings Limited 1MK Holdings Sdn Bhd 1MK Retail Sdn Bhd Attic Holdings Sdn Bhd Bright Way Realty Sdn Bhd Delta Awana Sdn Bhd Eight Saga Sdn Bhd Focal Quality Sdn Bhd FQ Holdings Sdn Bhd Lion Ipoh Parade Sdn Bhd Lion Klang Parade Sdn Bhd Majestic Appeal Sdn Bhd Mont Hazel Sdn Bhd Pinkbury Sdn Bhd H3 Capital Berhad H3 Holdings (S) Pte. Ltd. Mapleleaf Century Partners Limited Shanghai Century Link Real Estate Co., Ltd. |
| (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 an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Not applicable |
| 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) | Not applicable |
