Former MP David Chow Cam Fai, one of Macau’s most outspoken moguls, has stepped down as co-chairman and non-executive director of Macau Legend Development, which operates Fisherman’s Wharf.
In a statement to the Hong Kong Stock Exchange (HKEX), the company said Zhou “wants to focus on his other commitments” and did not offer re-election at the company’s annual shareholders’ meeting on Tuesday.
Born in Hong Kong in 1950 and an honorary consul to the Republic of Cape Verde, Zhou was last reported in April. when he criticized the government’s handling of the economy.
The company said that with his resignation, Mr. Zhou “is also no longer a member of the Board’s Compensation Committee and Nominating Committee,” adding, “Mr. Zhou has confirmed that he has no disagreements with the Board and the Company. ”
A separate statement filed with HKEX yesterday named Li Chu Kwan as the company’s chairman and Chow’s wife, Melinda Chan Mei Yi, as its CEO. Mr. Chan is also a former lawmaker of Macau.
Macau Legend Development Limited was incorporated under the laws of the Cayman Islands in 2006.
“The Company operates as an investment holding company and currently owns Macau Fisherman’s Wharf, which is operated by Macau Fisherman’s Wharf International Investment Limited,” the corporate profile section of the website states. ‘s business includes providing gaming services to SJM, a gaming concessionaire, he added. His two major casinos, Babylon Casino and Legend Palace Casino at Fisherman’s Wharf in Macau under service agreements, casino operation at Sabang Resorts Hotel and Entertainment Complex in Laos, and hotel, entertainment and leisure within its properties institution.