Au Fook Yew and Lim Kok Thay Resign at Genting Hong Kong
Reports say there were not any issues with the Board.
Genting Hong, in a statement on Monday, reported that
Lim Kok Thay has resigned as chairman, chief executive officer, and executive director According to the statement, Colin Au, also known as Au Fook Yew, has also resigned as deputy chief executive officer, group president, and executive director.
Lim Kok Thay, a Malaysian billionaire, owns a total of 76 percent of the shares in Genting Hong Kong. Thay also operates casinos and resorts in Malaysia, Britain, Singapore, and the United States with other companies under a separate company Genting Malaysia.
The Genting statement said it would use "its best endeavors to identify suitable candidates to fill the casual vacancies" on the company's board.
Three other Non-Executive members of the Board, Alan Smith, Ambrose Lam Wai Hon, and Justin Tan Wah Joo, had resigned previously.