[STRAITS] Managing Director REDESIGNATION - DATO' SRI HO KAM CHOY on 30-Aug-2017

Announcement Date
30-Aug-2017
Board Member Information:
Date of Change
30-Aug-2017
Type of Change
REDESIGNATION
Previous Position
Executive Director
New Position
Managing Director
Designation
Managing Director
Directorate
Executive
Age
54
Gender
Male
Nationality
Malaysia
Qualification
G.C.E. 'A' Level, Christ Church Secondary School, Singapore in 1983
Working Experience
Dato' Sri Ho Kam Choy has vast experience in the commercial management of vessels in the shipping industry. He is also a director for RH Pacific Shipping Agencies Ltd. Hong Kong since 1991, a Company involved in shipping and transportation of bulk/bagged cargo and shipping.
Family Relationship
MR HO HUNG MING, THE ALTERNATE DIRECTOR TO TAN SRI MOHD BAKRI BIN MOHD ZININ IS HIS SON
Conflict of Interest
Dato' Sri Ho Kam Choy is a Director of TMD Bunker Labuan Sdn Bhd ("TMD Labuan") , a 50% subsidiary of Tumpuan Megah Development Sdn Bhd ("TMD") . TMD had on 29 December 2015, entered into a Collaboration Agreement with Selatan Bunker (M) Sdn Bhd , a 51% subsidiary of Raya International Berhad.

On 14th November 2016, Raya International Berhad had also entered into a Memorandum of Agreement with Sturgeon Asia Ltd and Straits Holdings Ltd respectively in which Dato' Sri Ho Kam Choy is also a director and shareholder.
Interest
Direct
The Registered Holders of the 16,046,600 shares are as follows:-
1. CIMSEC Nominees (Tempatan) Sdn Bhd
    (Pledged Securities Account for Dato' Sri Ho Kam Choy)

Indirect
1. Deemed Interest by virtue of his shareholdings in Sturgeon Asia Ltd holding more than 15% of the issued and paid up capital of Sturgeon Asia Ltd :  41,464,900 shares

2 Deemed Interest by virtue of his brother's shareholdings i.e Ho Kin Choy in Straits Inter Logistics Berhad (formerly known as Raya International Berhad) : 673,700 shares
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