News
News
Treasury China Trust
Chief Investment Officer Announced
14th June 2010
| Name of Announcer | TREASURY HOLDINGS REAL ESTATE PTE LIMITED AS TRUSTEE-MANAGER OF TREASURY CHINA TRUST |
| Company Registration No. | 201003233M |
| Announcement submitted on behalf of | TREASURY CHINA TRUST |
| Announcement submitted with respect to | TREASURY CHINA TRUST |
| Announcement is submitted by | RICHARD DAVID |
| Designation | CHIEF EXECUTIVE OFFICER |
| Date & Time of Broadcast | |
| Announcement No. | |
Announcement Details
| Date of Appointment | 14 June 2010 |
| Name of Person | Wendy Yao |
| Age | 44 |
| Country of principal residence | China |
| The Board's comments on his appointment (including rationale, selection criteria, and the search and nomination process) | The Board has reviewed and considered the qualification and experience of Ms Yao to perform the role that he is appointed to undertake. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Responsible for identifying, researching and evaluating potential acquisitions and development opportunities and related investments with a view to enhancing the portfolio and executing acquisitions as approved by the Board. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Investment Officer |
| Working experience and occupation(s) during the past 10 years. | Ms. Yao has 18 years of experience working in the real estate industry in London, Hong Kong and Shanghai. From 1995 to 2002, Ms. Yao was the General Manager of Chesterton International Property Consultants. She was responsible for setting up the first China office in Shanghai which provided advisory services to mostly international clients, including property valuation, consultancy, commercial / residential agency, property and project management. From 2002 to 2006, Ms. Yao was the Chief Investment Officer for Macquarie Bank China where her responsibilities included identifying investment opportunities, transaction executing, market research and government relationships. From 2006 to 2010, Ms. Yao was China Chief Representativeand Chief Investment Officer for Citigroup Property Investors. Her responsibilities included setting up the China representative office, identifying and presenting the investment opportunities to the investment committee, executing the approved investment and asset management of the China portfolio. Ms. Yao has a MA in Property Valuation and Law from the City University Business School in London and is also a member of the Royal Institute of Chartered Surveyors and Royal Institute of Chartered Surveyors Assessor in China. |
| Interest in the listed issuer and its subsidiaries | None |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflicts of interest (including any competing business) | None |
Other Directorships
| Past (for the last 5 years) | Citigroup Property Investors |
| Current | None |
Information required pursuant to Listing Rule 704(7)(H)
| (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 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 had 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, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (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 |
Information required pursuant to Listing Rule 704(7)(I)
(Disclosure applicable to the appointment of Director only)
| Any prior experience as a director of a listed company? |
| Footnotes | J.P. Morgan (S.E.A.) Limited is the financial adviser and issue manager in relation to the listing of the units in Treasury China Trust on the Main Board of the SGX-ST by way of an introduction. |