- Established in 1974
- Singapore - Korea - China - Malaysia - Vietnam
United Arab Emirates - Azerbaijan - United Kingdom
News| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Chief Executive Officer |
| Securities | GAYLIN HOLDINGS LIMITED (GAYLIN) |
| Date & Time of Broadcast | Mar 13, 2018 22:17 |
| Submitted By | Sharon Yeoh Company Secretary |
| Description | Resignation of Chief Executive Officer |
| Cessation Details | |
| Name of person | Desmond Teo Bee Chiong |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Mar 13, 2018 |
| Detailed reason(s) for cessation | Mr Desmond Teo Bee Chiong ceases to be the Chief Executive Officer of the Company with effect from 13 March 2018. He continues to serve as an Executive Officer of the Company and advisor of the Chairman during his six-month notice period, and thereafter he will be appointed as a consultant of the Company. |
| 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 | Feb 25, 2010 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking this 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 | 7 |
| Job Title | Chief Executive Officer |
| Role and responsibilities | Responsible for overall management, formulating the Group's strategic directions and expansion plans, developing and maintaining relationships with the customers and suppliers and overseeing our Group's general operations. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Brother of Mr Teo Bee Hoe, Substantial Shareholder (deemed) Brother of Mr Teo Bee Yen, Substantial Shareholder (deemed) Brother of Mr Steven Teo, Substantial Shareholder (deemed) |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Deemed Interest - 257,572,000 ordinary shares |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | 1. Allseas Marine Services Pte. Ltd. 2. Bridge Testing Centre (Pte) Ltd. 3. Gaylin Asia Pte. Ltd. 4. Gaylin International Pte Ltd 5. Gaylin Korea Pte. Ltd. 6. Gaylin Marine Supply Pte. Ltd. 7. Gaylin Power Pte. Ltd. 8. GI Offshore Engineering Pte. Ltd. 9. Lv Yang (Tianjin) Offshore Equipment Pte. Ltd. 10. Keh Swee Investment Pte. Ltd. 11. Phoenix Offshore Co., Ltd. 12. Rig Marine Holdings FZE 13. Rigmarine Europe Limited 14. Rig Marine FZE 15. Lv Yang (Tianjin) Offshore Equipment Co,. Ltd. 16. Gaylin Korea Co., Ltd. 17. PT. Gaylin |