Change in Boardroom
27/08/2020Change in Boardroom
GENTING MALAYSIA BERHAD |
Date of change | 27 Aug 2020 |
Name | TAN SRI LIM KOK THAY |
Age | 69 |
Gender | Male |
Nationality | Malaysia |
Type of change | Redesignation |
Previous Position | Chairman |
New Position | Deputy Chairman |
Directorate | Executive |
Qualifications
No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
Degree
|
Bachelor of Science in Civil Engineering |
University of London |
|
Working experience and occupation | Tan Sri Lim Kok Thay is the Chairman and Chief Executive of the Company until he is redesignated as Deputy Chairman and Chief Executive of the Company on 27 August 2020. He is the Chairman and Chief Executive of Genting Berhad. He is also the Executive Chairman of Genting Singapore Limited and Genting UK Plc. He was the Chief Executive and Director of Genting Plantations Berhad ("GENP") until he relinquished his position of Chief Executive and assumed the position of Deputy Chairman and Executive Director of GENP on 1 January 2019. He has served in various positions within the Group since 1976. He is a Founding Member and a Permanent Trustee of The Community Chest, Malaysia. In addition, he sits on the Boards of other Malaysian and foreign companies as well as the Boards of Trustees of several charitable organisations in Malaysia. Tan Sri Lim Kok Thay is the Chairman and Chief Executive Officer of Genting Hong Kong Limited ("GENHK"), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. He is also a Director of Travellers International Hotel Group, Inc., which is an associate of GENHK and was listed on the Main Board of The Philippine Stock Exchange, Inc., until its voluntary delisting in October 2019. |
Family relationship with any director and/or major shareholder of the listed issuer | Father of Mr Lim Keong Hui, the Deputy Chief Executive and Executive Director and a major shareholder of the Company. |
Any conflict of interests that he/she has with the listed issuer | None |
Details of any interest in the securities of the listed issuer or its subsidiaries | Tan Sri Lim Kok Thay holds 24,973,544 ordinary shares in the Company. He is also a holder of the rights to participate in the performance shares of the Company's Long Term Incentive Plan ("Scheme") for 3,870,869 scheme shares and 6,531,397 scheme shares granted under Restricted Share Plan ("RSP") and Performance Share Plan ("PSP") respectively of the Scheme. Tan Sri Lim Kok Thay has a deemed interest of 2,796,992,189 ordinary shares of the Company. Please see Note (2)(a) under Remarks section. The interest of his children (other than Mr Lim Keong Hui who is a Director of the Company) in the Company, please see Note (2)(b) under Remarks section. |
Remarks : |
(1) Tan Sri Lim Kok Thay, the Chairman and Chief Executive/Non-Independent Executive Director, has been redesignated as the Deputy Chairman and Chief Executive of the Company with effect from 27 August 2020. (2)(a) Tan Sri Lim Kok Thay has a deemed interest of 2,796,992,189 ordinary shares of the Company by virtue of him being a: (i) beneficiary of a discretionary trust of which Parkview Management Sdn Bhd ("PMSB") is the trustee. PMSB as trustee of the discretionary trust owns 100% of the voting shares of Kien Huat International Limited ("KHIL") which in turn owns 100% of the voting shares of Kien Huat Realty Sdn Berhad ("KHR"). KHR owns more than 20% of the voting shares of Genting Berhad ("GENT") which in turn owns ordinary shares in Genting Malaysia Berhad ("GENM"). As such, PMSB as trustee of the discretionary trust is deemed interested in the ordinary shares of GENM held by GENT as it is entitled to exercise or control the exercise of not less than 20% of the votes attached to the voting shares in GENT. PMSB as trustee of the discretionary trust is also deemed interested in the ordinary shares of GENM held by KHR by virtue of its controlling interest in KHR; and (ii) beneficiary of a discretionary trust of which Summerhill Trust Company (Isle of Man) Limited ("STC") is the trustee. Golden Hope Limited ("GHL") acts as trustee of the Golden Hope Unit Trust ("GHUT"), a private unit trust whose voting units are ultimately owned by STC as trustee of the discretionary trust. GHL as trustee of the GHUT owns ordinary shares in GENM. 2(b) Pursuant to Section 59(11)(c) of the Companies Act 2016, the interests of Tan Sri Lim Kok Thay's children (other than Mr Lim Keong Hui) are as follows: (i) Ordinary shares - 7,436 (ii) RSP - 47,800 (iii) PSP - 196,850 |
Announcement Info
Company Name | GENTING MALAYSIA BERHAD |
Stock Name | GENM |
Date Announced | 27 Aug 2020 |
Category | Change in Boardroom |
Reference Number | C03-27082020-00007 |
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