SJM Holdings Limited has apparently affirmed that Stanley Ho Hung Sung has authoritatively resigned as its Chairman to be supplanted by his 53-year-old little girl, Daisy Ho Chiu Fung.
As per a report from GGRAsia, the progression design initially declared in April wound up official after SJM Holdings Limited’s most recent yearly broad gathering on Tuesday with the 96-year-old businessperson in this manner being named as Chairman Emeritus for the Hong Kong-recorded casino firm he set up in the mid 1960s.
“Dr Ho has affirmed that he has no conflict with the board and there is regardless of that should be conveyed to the consideration of investors of the organization in regard of his retirement,” read a Tuesday recording (pdf) from SJM Holdings Limited, which is in charge of somewhere in the range of 19 Macau casinos including the notable Casino Grand Lisboa and the newer Emperor Palace Casino. “The board offers its true thanks to Dr Ho for his precious commitments in building a strong establishment for the organization’s proceeding with development later on.”
As far as it matters for her, Daisy Ho Chiu Fung was allegedly named as an official chief for the organization a year prior, which is a part she is currently set to hold, in the wake of serving until the finish of 2010 as an executive for the neighborhood MGM Grand Paradise Limited auxiliary of adversary casino administrator MGM China Holdings Limited.
SJM likewise utilized its Tuesday yearly broad gathering to uncover that 72-year-old, Timothy Fok Tsun Ting, has been selected to fill in as its Co-Chairman close by Stanley Ho Hung Sung’s 57-year-old spouse, Angela Leong On Kei, with both due to hold their situations as official chiefs.
At long last, SJM clarified that its investors had affirmed the arrangement of its 67-year-old Executive Director and Chief Executive Officer, So Shu Fai, to the extra post of Vice-Chairman while moreover naming 64-year-old Ina Chan Un Chan as an official chief.
