[OCR] Director APPOINTMENT - ONG KAH HOE on 14-Nov-2014

Announcement Date
14-Nov-2014

Board Member Information:
Date of Change
14-Nov-2014
Type of Change
APPOINTMENT
Designation
Director
Directorate
Non Independent & Non Executive
Age
40
Nationality
Malaysia
Qualification
Mr. Ong graduated from the University of Coventry, U.K. in 1997 with a Bachelors Degree (Honours) in Business Administration.
Working Experience
After graduation, Mr. Ong worked for a few years as a marketing executive in established manufacturing & property companies gaining valuable experience in the process. He now has over 15 years of property development and construction experience and currently holds a management role with OCR Land Holdings Sdn. Bhd. ("OCR"). He joined the OCR group in year 2001 as Managing Director and started off to take charge of its Dahlia Villa Townhouse project in an upscale neighbourhood. While serving as Managing Director, he successfully developed and completed well-received developments. Currently, he plays an important role to manage and oversee the on-going development projects.

Apart from that, he is also involved in construction companies where he has successfully led and completed the implementation of numerous construction projects including residential and hotel. He is a Director of Dynavance Construction Sdn. Bhd., a company engaged in general construction.
Directorship of Public Companies
NIL
Family Relationship
NIL
Conflict of Interest
Mr. Ong is one of the interested party in the Company's acquisition of the entire issued and paid-up capital of Dynavance Construction Sdn. Bhd. which is expected to be completed within 3 months from the date of the Shares Sale Agreement ("SSA") which was entered into on 1 October 2014, prior to his appointment.
Interest
Direct interest - 18,625,400 (10.41%)
Indirect interest - 17,022,300 (9.52%)
(The indirect interest is via parents and siblings' shareholdings and also via Inter-Pacific Equity Nominees (Tempatan) Sdn. Bhd. pledged securities account for OCR Land Holdings Sdn. Bhd. in which Mr. Ong is deemed interested pursuant to Section 6A of the Companies Act, 1965.
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