SINGAMAS CONTAINER HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.
勝 獅 貨 櫃 企 業 有 限 公 司
SINGAMAS CONTAINER HOLDINGS LIMITED(Incorporated in Hong Kong with limited liability)
Stock Code: 716 PROPOSALS FOR RE-ELECTION OF DIRECTORS, GENERAL MANDATES TO REPURCHASE SHARES AND TO ISSUE SHARES, PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND NOTICE OF ANNUAL GENERAL MEETINGThe notice convening the Annual General Meeting of the Company to be held at Room 2401-02, 24/F., Admiralty Centre 1, 18 Harcourt Road, Hong Kong on Wednesday, 29 June 2016 at 10:00 a.m. is set out on pages 16 to 20 of this circular.
Whether or not you intend to attend the said meeting, you are requested to complete the proxy form in accordance with the instructions printed thereon and return the same to the Company's share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for the holding of the meeting or any adjournment thereof. Completion and return of the proxy form will not preclude you from attending and voting in person at the Annual General Meeting or any adjourned meeting(s) should you so wish.
28 April 2016
Page
DEFINITIONS .......................................................................................................................................... 1 LETTER FROM THE BOARDIntroduction...................................................................................................................................... 3
Re-election of Directors ................................................................................................................... 4
Repurchase Mandate ........................................................................................................................ 4
Share Issue Mandate ........................................................................................................................ 5
Proposed Amendments to the Articles ............................................................................................. 5
AGM ................................................................................................................................................ 6
Action to be Taken ........................................................................................................................... 6
Responsibility Statement ................................................................................................................. 6
Recommendation ............................................................................................................................. 7
General............................................................................................................................................. 7
APPENDICESAppendix I | - Details of the Directors to be Re-elected ...................................................... | 8 |
Appendix II | - Explanatory Statement on Repurchase Mandate .......................................... | 13 |
Appendix III | - Notice of AGM ............................................................................................. | 16 |
In this circular (other than the Notice of AGM), the following expressions have the following meanings, unless the context otherwise requires:
"AGM" The annual general meeting of the Company to be held at Room 2401-02, 24/F., Admiralty Centre 1, 18 Harcourt Road, Hong Kong on Wednesday, 29 June 2016 at 10:00 a.m. or any adjournment thereof (or as the case may be)
"Articles" the articles of association of the Company
"associates" has the same meaning ascribed thereto under the Listing Rules
"Board" the board of Directors
"Company" Singamas Container Holdings Limited, a company incorporated in Hong Kong with limited liability and the shares of which are listed on the Main Board of the Stock Exchange (Stock code: 716)
"Companies Ordinance" Companies Ordinance (Chapter 622 of the Laws of Hong Kong) "connected person(s)" has the same meaning ascribed thereto under the Listing Rules "controlling shareholder" has the same meaning ascribed thereto under the Listing Rules "Director(s)" the director(s) of the Company
"Group" the Company together with its subsidiaries
"Hong Kong" the Hong Kong Special Administrative Region of the PRC
"HK$" Hong Kong dollars, the lawful currency of Hong Kong
"Latest Practicable Date" 22 April 2016, being the latest practicable date prior to the printing of
this circular for ascertaining certain information contained herein
"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Ordinary Resolution(s)" the proposed ordinary resolution(s) as referred to in the notice of AGM "PIL" Pacific International Lines (Private) Limited, the controlling shareholder
of the Company as defined under the Listing Rules
"PILHK" Pacific International Lines (H.K.) Limited, is a subsidiary of PIL
"PRC" the People's Republic of China and for the purpose of this circular, excluding Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan
"Repurchase Mandate" a general mandate to the Directors to exercise the power of the Company
to repurchase Shares during the period as set out in the Ordinary Resolution referred to in item 6 of the notice of AGM up to 10% of the total number of Shares in issue as at the date of passing of the said Ordinary Resolution (subject to any adjustment as referred to in the said Ordinary Resolution)
"SFO" the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)
"Share(s)" ordinary share(s) of the Company
"Shareholder(s)" the holder(s) of the Share(s)
"Share Buyback Rules" the relevant rules set out in the Listing Rules to regulate the repurchase
by companies with primary listing of their own securities on the Stock Exchange
"Share Issue Mandate" a general mandate to the Directors to exercise the power of the Company
to allot, issue and deal with Shares and to grant rights to subscribe for, or convert any security into, Shares (including the issue of any securities convertible into Shares, or options, warrants or similar rights to subscribe for any Shares) during the period as set out in the Ordinary Resolution referred to in item 5 of the notice of AGM up to 20% of the total number of Shares in issue as at the date of passing of the said Ordinary Resolution (subject to any adjustment as referred to in the said Ordinary Resolution)
"Stock Exchange" The Stock Exchange of Hong Kong Limited
"substantial shareholder" has the same meaning ascribed thereto under the Listing Rules "Takeovers Code" the Codes on Takeovers and Mergers and Share Buy-backs
"%" per cent.
勝 獅 貨 櫃 企 業 有 限 公 司
SINGAMAS CONTAINER HOLDINGS LIMITED(Incorporated in Hong Kong with limited liability)
Stock Code: 716Executive Directors: Registered Office:
Mr. Teo Siong Seng 19th Floor
(Chairman and Chief Executive Officer) Rykadan Capital Tower Mr. Chan Kwok Leung (Chief Operating Officer) 135 Hoi Bun Road
Mr. Teo Tiou Seng Kowloon
Ms. Chung Pui King, Rebecca Hong Kong
(Chief Financial Officer and Company Secretary)
Non-executive Directors:
Mr. Kuan Kim Kin Mr. Tan Chor Kee
Independent Non-executive Directors:
Mr. Cheng Fu Kwok, David Mr. Lau Ho Kit, Ivan
Mr. Ong Ka Thai Mr. Yang, Victor
28 April 2016
To the Shareholders
Dear Sirs or Madams,
PROPOSALS FOR RE-ELECTION OF DIRECTORS, GENERAL MANDATES TO REPURCHASE SHARES AND TO ISSUE SHARES, PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND NOTICE OF ANNUAL GENERAL MEETING INTRODUCTIONThe purpose of this circular is to provide Shareholders with information regarding Ordinary Resolutions relating to the proposed re-election of Directors, Share Issue Mandate and Repurchase Mandate in accordance with Share Buyback Rules and a special resolution relating to the amendments to the Articles to be proposed at the AGM to be held on 29 June 2016.
RE-ELECTION OF DIRECTORSThe Board currently consists of ten Directors, namely Mr. Teo Siong Seng, Mr. Chan Kwok Leung, Mr. Teo Tiou Seng, Ms. Chung Pui King, Rebecca, Mr. Kuan Kim Kin, Mr. Tan Chor Kee, Mr. Cheng Fu Kwok, David, Mr. Lau Ho Kit, Ivan, Mr. Ong Ka Thai and Mr. Yang, Victor.
Pursuant to articles 92 and 102 of the Articles, the following Directors shall retire from office at the AGM and, being eligible, offer themselves for re-election:
Mr. Chan Kwok Leung Mr. Teo Tiou Seng
Ms. Chung Pui King, Rebecca Mr. Kuan Kim Kin
Mr. Tan Chor Kee
Mr. Cheng Fu Kwok, David Mr. Lau Ho Kit, Ivan
Mr. Ong Ka Thai Mr. Yang, Victor
Mr. Ong Ka Thai is an independent non-executive Director of the Company since his appointment on 17 May 1997. As of the date of this circular, Mr. Ong has been serving on the Board for more than nine years. The Board considers Mr. Ong is and continues to be independent based on his submitted annual written confirmations concerning his independence. The Board believes that Mr. Ong should be re-elected on the basis that he is a person of high integrity and at all times, Mr. Ong has been exercising judgment in the best interests of the Company when discharging his duties as an Independent Non-executive Director of the Company.
The re-election of the retiring Directors (including Mr. Ong Ka Thai) will be individually and separately voted on by the Shareholders.
Brief biographical details of the retiring Directors who are proposed to be re-elected at the AGM are set out in Appendix I to this circular.
REPURCHASE MANDATEOn 2 June 2015, a general and unconditional mandate, which was given to the Directors to exercise all the powers of the Company to repurchase on the Stock Exchange its own Shares, up to a maximum of 10% of total number of Shares in issue, will expire at the conclusion of the AGM. An Ordinary Resolution will therefore be proposed at the AGM to approve the granting of Repurchase Mandate to the Directors.
The Repurchase Mandate, upon the approval to be granted at the AGM, would continue in force until the conclusion of the next annual general meeting of the Company unless it is renewed at such meeting or until revoked or varied by an ordinary resolution of Shareholders in a general meeting prior to the next annual general meeting.
This circular contains the explanatory statement as set out in Appendix II that is required by the Listing Rules to accompany the notice of AGM at which a resolution is to be proposed in relation to the Repurchase Mandate. Its purpose is to provide Shareholders with all the information reasonably necessary for them to make an informed decision as to whether or not to vote in favour of the ordinary resolution in approving the Repurchase Mandate.
SHARE ISSUE MANDATEAn Ordinary Resolution will be proposed at the AGM to grant to the Directors the Share Issue Mandate.
As at the Latest Practicable Date, the Company had a total of 2,416,919,918 Shares in issue.
Subject to the passing of the Ordinary Resolution as referred to in item 5 of the notice of AGM and on the basis that no further Shares are issued or repurchased between the Latest Practicable Date and the date of the AGM, the Company would be allowed under the Share Issue Mandate to issue a maximum of 483,383,983 new Shares.
In addition, an Ordinary Resolution will also be proposed to authorise an extension of the Share Issue Mandate by adding to the aggregate number of Shares which may be allotted or agreed conditionally or unconditionally to be allotted by the Directors pursuant to the Share Issue Mandate the number of Shares purchased under the Repurchase Mandate, if granted. Such extended amount shall not exceed 10% in aggregate number of Shares in issue as at the date of passing of the Ordinary Resolution as referred to in item 7 of the notice of AGM.
Details of the Share Issue Mandate and the extension of the Share Issue Mandate are set out in Ordinary Resolutions as referred to in items 5 and 7 of the notice of AGM respectively.
PROPOSED AMENDMENTS TO THE ARTICLESA special resolution will be proposed at the AGM to amend the Articles so as to in line with the Appendix 14 of the Listing Rules and Schedule 1 of Companies (Model Articles) Notice (Cap. 622H) of the new Companies Ordinance in respect of the retirement of directors by rotation. Details of the proposed amendments, as marked up for ease of reference, to the Articles are set out below:
Article 92 - Retirement of Directors by rotationIt is proposed that Article 92 be amended as follows:
92. Other than such director as referred to in Article 102 hereof and notwithstanding any other provisions in these articles or any contractual or other terms on which any director may be appointed or engaged, every director shall retire from office at the annual general meeting in every year but shall be eligible for re-election. At each annual general meeting, one-third of the Directors for the time being (or, if their number is not three or a multiple of three, the number nearest to but not less than one-third) or such higher number of Directors to be determined by the Board, or a number determined by such number of rotation as may be required by the Listing Rules or other codes, rules and regulations as may be prescribed by the applicable regulatory authority from time to time, shall retire from office such that each Director (including those appointed for a specific term) will be subject to retirement by rotation at least once every 3 years at the annual general meeting, provided always that any Director appointed pursuant to Article 98 shall not be taken into account in determining the Directors who are to retire by rotation at such meeting. The Directors to retire in every year shall be those who have been longest in office since their last election but as between persons who became Directors on the same day those to retire shall (unless they otherwise agree between themselves) be determined by lot. The retiring Directors shall retain office until the close of the meeting at which he retires and shall be eligible for re-election.
Article 92A - Meeting to fill up vacanciesIt is proposed that adding the following new Article 92A:
92A. The Company at any general meeting at which any Directors retire in manner pursuant to Article 92 may fill the vacated office by electing a like number of persons to be Directors.
Article 102 - Managing Director's or Chief Executive Officer's appointmentIt is proposed that Article 102 be amended as follows:
102. The directors may appoint one or more of their number to the office of managing director and/ or chief executive officer for such period and on such terms as they think fit and, subject to the terms of any agreement entered into in any particular case, may revoke any such appointment. A director so appointed shall, while holding that office, be subject to retirement by rotation at least once every three (3) years but shall be eligible for re-election.
AGMAt the AGM, resolutions will be proposed to the Shareholders in respect of the ordinary business of the Company to be considered at the AGM, being the approval and adoption of the audited financial statements, the Directors' report and the auditor's report for the year ended 31 December 2015, the re-election of Directors, authorizing the Board to fix the Directors' remuneration, the re-appointment of auditors and the special business of the Company to be considered at the AGM, being the proposed grant of the Repurchase Mandate, the Share Issue Mandate, the extension of the Share Issue Mandate and proposed amendments to the Articles. The notice of AGM is set out in Appendix III to this circular.
The votes to be taken at the AGM will be by poll, the results of which will be announced after the AGM.
ACTION TO BE TAKENA proxy form for use at the AGM is enclosed herein this circular. Whether or not you are able to attend the AGM, you are requested to complete, sign and return the proxy form accompanied to this circular in accordance with the instructions printed thereon to the Company's share registrar, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong not less than 48 hours before the time fixed for holding the AGM or any adjournment thereof. Completion and return of the proxy form will not preclude you from attending and voting at the AGM or any adjourned meeting should you so desire.
RESPONSIBILITY STATEMENTThis circular includes particulars given in compliance with the Listing Rules for the purpose of giving information with regard to the Company. The Directors collectively and individually accept full responsibility for the accuracy of the information contained in this circular and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts not contained in this circular, the omission of which would make any statement herein misleading.
RECOMMENDATIONThe Board consider that the re-election of Directors, the granting of Repurchase Mandate, Share Issue Mandate, extension of the Share Issue Mandate and amendments to the Articles are in the best interests of the Company as well as the Shareholders as a whole. Accordingly, the Board recommend that all Shareholders should vote in favour of the resolutions to be proposed at the AGM to give effect to them.
GENERALYour attention is also drawn to the appendices to this circular.
By Order of the Board
Singamas Container Holdings Limited Teo Siong SengChairman and Chief Executive Officer
The particulars of the Directors proposed to be re-elected at the AGM are set forth below:
EXECUTIVE DIRECTORS Mr. Chan Kwok Leung, aged 58, was appointed on 1 March 2012 as Executive Director of the Company. Mr. Chan is a member of the management committee of the Company. He is the Chief Operating Officer of the Company and is a director of various subsidiaries of the Company. He joined Eng Kong Container Services Limited, a subsidiary of the Company, on 1 July 1994. He has more than 36 years of combined experience in marketing, container depot management, container inspection and repair, and container leasing. Prior to joining the Company, he was the Technical Director of Unicon International Ltd., a container surveying company with major interests in the Far East. Mr. Chan does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, the personal interest of Mr. Chan represents the interest in 2,287,050 underlying Shares in respect of share options granted by the Company. Save as disclosed above, he does not have any other interest in the Shares within the meaning of Part XV of the SFO. Mr. Chan entered into a service agreement with the Company regarding his appointment which shall continue subject to the terms and conditions thereof and such terms as may be agreed between the parties from time to time. Mr. Chan's appointment as an executive Director shall also be subject to retirement by rotation at the annual general meeting and he shall be eligible for re-election in accordance with the Articles, but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate his service. He is entitled to an annual remuneration (including discretionary performance bonus) of HK$3,103,334 and a director's fee of HK$200,000 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Mr. Chan and the remuneration offered for similar position in comparable companies. Mr. Chan has not held any directorship in other listed public companies during the last three years. Mr. Teo Tiou Seng, aged 63, was appointed on 26 June 1996 as Executive Director of the Company and is also a director of various subsidiaries of the Company. Mr. Teo is a member of management committee of the Company. He is a son of Mr. Chang Yun Chung and the elder brother of Mr. Teo Siong Seng. He has been engaging in shipping business since 1977. Mr. Teo graduated and holds a MBA from the University of Western Ontario, Richard Ivey School of Business. He has more than 33 years of working experience in container transport business and is also a director of PIL and the managing director of PILHK. Save as disclosed in this circular, Mr. Teo does not have any other relationship with any director, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, the personal interest of Mr. Teo represents the interest in 196,780 Shares and interest in 471,950 underlying Shares in respect of share options granted by the Company. Mr. Teo also has personal interest in 2,400,000 shares and representing 0.43% of the issued share capital of PIL Holdings Pte. Ltd. Save as disclosed above, he does not have any other interest in the Shares within the meaning of Part XV of the SFO. Mr. Teo entered into a service agreement with the Company regarding his appointment which shall continue subject to the terms and conditions thereof and such terms as may be agreed between the parties from time to time. Mr Teo's appointment as an executive Director shall also be subject to retirement by rotation at the annual general meeting and he shall be eligible for re-election in accordance with the Articles, but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate his service. He is entitled to a director's fee of HK$200,000 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Mr. Teo and the remuneration offered for similar position in comparable companies. Mr. Teo has not held any directorship in other listed public companies during the last three years.Ms. Chung Pui King, Rebecca, M.B.A., HKICPA, FCCA, aged 47, was appointed as Executive Director of the Company on 2 July 2015. She was also appointed as Chief Financial Officer of the Company on 2 February 2013 and was appointed as Company Secretary of the Company on 10 September 2013. Ms. Chung is a member of management committee of the Company. She is also the director of a subsidiary of the Company. She was appointed as the Director of Modex Holding Limited, an associate of the Company, which specialised in leasing and trading of offshore containers, on 10 October 2014. Ms. Chung joined the Group on 1 January 1996. She has more than 24 years of combined experience in public accountancy, sourcing and manufacturing. Ms. Chung does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, the personal interest of Ms. Chung represents the interest in 195,291 Shares and interest in 867,234 underlying Shares in respect of share options granted by the Company. Save as disclosed above, she does not have any other interest in the Shares within the meaning of Part XV of the SFO. Ms. Chung entered into a service agreement with the Company regarding her appointment which shall continue subject to the terms and conditions thereof and such terms as may be agreed between the parties from time to time. Ms. Chung's appointment as an executive Director shall also be subject to retirement by rotation at the annual general meeting and she shall be eligible for re-election in accordance with the Articles, but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate her service. She is entitled to an annual remuneration (including discretionary performance bonus) of HK$1,841,090 and a director's fee of HK$83,333 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Ms. Chung and the remuneration offered for similar position in comparable companies. Ms. Chung has not held any directorship in other listed public companies during the last three years.
NON-EXECUTIVE DIRECTORS Mr. Kuan Kim Kin, aged 67, was appointed as Non-executive Director of the Company on 15 July 1998. Mr. Kuan is a member of the audit committee and remuneration committee of the Company. He has been an executive director of the Finance Division of PIL since 7 June 2004. He also holds directorship in various PIL's Group of Companies. Other than their relationship with PIL, these various PIL's Group of Companies are third parties independent of the Company and connected persons of the Company. Prior to joining PIL, he held a number of senior financial and accounting positions across diverse business groups, including two public listed companies in Malaysia. Mr. Kuan is a fellow member of The Chartered Institute of Management Accountants (United Kingdom). Save as disclosed above, Mr. Kuan does not have any other relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, the personal interest of Mr. Kuan represents the interest in 104,000 Shares and interest in 564,730 underlying Shares in respect of share options granted by the Company. Save as disclosed above, he does not have any other interest in the Shares within the meaning of Part XV of the SFO. Mr. Kuan has a service contract with the Company but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate his service. The term of Mr. Kuan in office is generally for one year subject to retirement and re-election in annual general meetings of the Company in accordance with the Articles. He is entitled to a director's fee of HK$320,000 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Mr. Kuan and the remuneration offered for similar position in comparable companies. Mr. Kuan has not held any directorship in other listed public companies during the last three years. Mr. Tan Chor Kee, aged 63, was appointed as Non-executive Director of the Company on 2 July 2013. Mr. Tan graduated from the University of Singapore with a first class honour degree in Mechanical Engineering. He has more than 38 years of experience in shipping particularly in equipment management, costs control, corporate planning, logistics operations, agency and liner business. Mr. Tan is currently the Deputy Managing Director of PIL. Save as disclosed above, Mr. Tan does not have any other relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, Mr. Tan has a deemed interest in 6,000 Shares which is held by his spouse. Save as disclosed above, he does not have any other interest in the Shares within the meaning of Part XV of the SFO. Mr. Tan has a service contract with the Company but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate his service. The term of Mr. Tan in office is generally for one year subject to retirement and re-election in annual general meetings of the Company in accordance with the Articles. He is entitled to a director's fee of HK$200,000 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Mr. Tan and the remuneration offered for similar position in comparable companies. Mr. Tan has not held any directorship in other listed public companies during the last three years INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Cheng Fu Kwok, David, aged 67, was appointed as Independent Non-executive Director of the Company on 1 November 2012. Mr. Cheng graduated in 1975 from the University of Hong Kong with a Bachelor (Honors) Degree in Social Science. He has extensive experience in banking, corporate finance and shipfinance. Mr. Cheng has retired from the Head of Shipfinance in Asia of Credit Agricole CIB with effective from 1 May 2014, but remains as the Senior Advisor to the Global Shipping Group of the Bank. He is also a director and the Honorary Chairman of Credit Agricole Asia Shipfinance Limited. Credit Agricole CIB and Credit Agricole Asia Shipfinance Limited are third parties independent of the Company and connected persons of the Company. Mr. Cheng is a member of the Working Group on Transportation under the Hong Kong Economic Development Commission, and also a member of the Hong Kong Maritime Industry Council of Transport and Housing Bureau, Hong Kong Special Administrative Region. In June 2015, Mr. Cheng was conferred the Distinction of "Chevalier de l'ordre National du Merite" by the French Government. Mr. Cheng does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. As at the Latest Practicable Date, Mr. Cheng does not have any interest in the Shares within the meaning of Part XV of the SFO. Mr. Cheng has a service contract with the Company but it does not require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate his service. The term of Mr. Cheng in office is generally for one year subject to retirement and re-election in annual general meetings of the Company in accordance with the Articles. He is entitled to a director's fee of HK$200,000 for the year of 2015 with reference to the remuneration policy of the Company and having given consideration to the level of responsibility, experience and abilities required of Mr. Cheng and the remuneration offered for similar position in comparable companies. Mr. Cheng has not held any directorship in other listed public companies during the last three years.Singamas Container Holdings Limited published this content on 27 April 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 May 2016 10:26:04 UTC.
Original documenthttp://www.singamas.com/files/ew_00716cir-20160428.pdf
Public permalinkhttp://www.publicnow.com/view/E7A65A79F35AFD0CBD093E3388921078809016BB
