Pansy Ho Chiu King, chairperson and executive director of MGM China, has retained her position as executive director of the group. The decision was disclosed in a stock filing sent to the Hong Kong exchange on 25 May, where the poll results of the company’s annual general meeting held on the same date were also announced.
In August last year, MGM China announced that Pansy Ho would continue to serve as managing director of MGM Grand Paradise, one of the city’s current gaming concessionaires. Her stake in the company increased to 15 per cent to meet the new requirements of the new gaming law.
In Thursday’s stock filing, the group announced that William Joseph Hornbuckle had been re-elected as an executive director. Additionally, it also announced the appointment of Jeny Lau as a new executive director. Lau has been serving as chief operating officer and director of Grand Paradise Group (HK), a private family office entity, since 2015, overseeing all operations under this group. She has also been a member of the compliance committee of MGM China since 2021.
Meanwhile, Chen Yau Wong has stepped down as executive director of the company with effect from 25 May, due to his retirement plans.
In the filing, MGM China stated that the directors had been authorised to issue, allot, and deal with the company’s additional shares, provided that they do not exceed 20 per cent of the total of issued shares.
Additionally, the directors can repurchase company shares, on the condition that they do not exceed 10 per cent of the total of the issued shares of the company.
