- Search
- Properties
- Singapore
- Australia
- New Zealand
- The Maldives
- Japan
- United Kingdom
- Germany
- Italy
For Media
News
Change - Announcement Of Cessation Of Independent Non-Executive Director
BackMay 07, 2025
| Other Issuer(s) for Stapled Security | |
| Name DBS TRUSTEE LIMITED |
|
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 7, 2025 17:38 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Non-Executive Director |
| Announcement Reference | SG250507OTHRZDL8 |
| Submitted By (Co./ Ind. Name) | Soo Lai Sun |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Dr Foo Say Mui (Bill) as an Independent Non-Executive Director, the Lead Independent Director, the Chairman of Audit and Risk Committees, the Chairman of Board Sustainability Committees and a member of Nominating and Remuneration Committees. |
| Additional Details | |
| Name Of Person | Foo Say Mui (Bill) |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 09/05/2025 |
| Detailed Reason (s) for cessation | Dr Foo Say Mui (Bill) is stepping down from the Board of M&C REIT Management Limited, manager of CDL Hospitality Real Estate Investment Trust ("H-REIT Manager"), and the Board of M&C Business Trust Management Limited, trustee-manager of CDL Hospitality Business Trust ("HBT Trustee-Manager") as he would have served on both Boards as an independent director for nine years on 10 May 2025. Dr Foo will concurrently cease to be the Lead Independent Director, the Chairman of Audit and Risk Committees, the Chairman of Board Sustainability Committees and a member of Nominating and Remuneration Committees of the H-REIT Manager and HBT Trustee-Manager. |
| 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 | 11/05/2016 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead ID, Chairman of Audit and Risk Committees, Chairman of Board Sustainability Committees and member of Nominating and Remuneration Committees |
| Role and responsibilities | As above |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Mewah International Inc. Tower Capital Asia Pte. Ltd. |
| Present | The International Institute for Strategic Studies (Asia) Ltd Tung Lok Restaurants (2000) Ltd Business Circle Singapore Pte Ltd Kenon Holdings Ltd. Investible Funds VCC Agrocorp International Pte Ltd Wee Hur Holdings Ltd. |
to
Top