South Shore appoints Tse Cho Tseung as Executive Director

South Shore Holdings Limited – the company responsible for The 13 Hotel – announced that Tse Cho Tseung has been appointed as Executive Director effective from June 17 of this year.

Tse joined the Group in March 2019 as the chief operating officer of the hotel operation business and is a director of some of its subsidiaries. He has also managed
hotel group International Entertainment Corporation as COO.

The appointment comes after Executive Director Tom Lau Ko Yuen left the company, leaving Peter Lee Coker Jr. as the sole Executive Director.

Tse also acts as a member of South Shore’s remuneration, nomination, finance, investment, disclosure, corporate governance committees.

The 13 Hotel has suspended its due to the pandemic in February and has remained closed since then.

In November last year, South Shore announced it had reached an agreement to dispose of a 50 per cent share in The 13 Hotel held by an indirectly owned subsidiary for HK$750 million to three companies, Fine Intellect (20 per cent); All Fame (20 per cent) and Ease Link (10 per cent).

The proceeds of the sale would be used to re-pay bank loans amounting to almost HK$2.9 billion.