Prominent business-man and ex-lawmaker David Chow Kam Fai has retired as a co-chairman and non-executive director of Macau Legend Development Limited, the company announced in a statement to the Hong Kong Stock Exchange yesterday.
The statement said that Chow “wishes to focus on his other commitments” and did not offer himself for re-election at the company’s annual general meeting on Tuesday.
The statement noted that upon his retirement, Chow “has also ceased to be a member of each of the renumeration committee and the nomination committee of the Board,” adding that “Mr Chow has confirmed that he has no disagreement with the Board and the Company.”
A separate statement to the Hong Kong Stock Exchange yesterday listed Li Chu Kwan as the company’s chairman and Chow’s wife, Melinda Chan Mei Yi as chief executive officer. Chan is also a former Macau legislator.
According to its website, Macau Legend Development Limited was incorporated under the laws of the Cayman Islands in 2006.
“The Company acts as an investment holding company. The Group is one of the leading owners of entertainment and casino gaming facilities in Macau. The Group currently has Macau Fisherman’s Wharf operated by Macau Fisherman’s Wharf International Investment Limited,” the website’s corporate profile section stated last night, adding that the Group’s businesses include the provision of gaming services to gaming concessionaire SJM in two major casinos in its property, namely Babylon Casino and the Legend Palace Casino at Macau Fisherman’s Wharf under a service agreement, as well as the operation of a casino at the Savan Resorts Hotel and Entertainment Complex in Laos, and the operation of hotels, entertainment and leisure facilities within its properties.
Chow was born in Hong Kong in 1950. He is well known for his outspokenness on business matters and public affairs.
Macau Legend Development’s then co-chairman David Chow Kam Fai speaks to reporters at Macau Fisherman’s Wharf on the sidelines of the 2018 annual general meeting of his company yesterday on May 30, 2018. – Photo courtesy of TDM
