Landing International Development Limited announced to the Hong Kong Stock Exchange on Wednesday that two of its directors will be resigning.
The two in question, Bao Jinqiao and Mr. Li Mingfa, have served as independent non-executive directors and members of the audit committee, the nomination committee, and the remuneration committee. The reason given for their departure was that “they wish to devote more time for their personal commitments.”
However, as a result of their departure the number of independent non-executive directors and members of the board committees will fall below the minimum number required, and so “the company is in the process of identifying suitable candidates to fill the casual vacancy after their retirement.”
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
SJM Holdings has appointed Toh Hup Hock as chief financial officer, replacing Robert Earle McBain who is retiring. Toh joined SJM in October, prior to which he was CFO of Shangri-La-Asia and Sands China.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.