Chan Kam Hing Chris has resigned as executive director of the company.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.- Genting Hong Kong has announced that executive director\u00a0Chan Kam Hing Chris <\/strong>and company secretary Yung Mei Yee<\/strong> are leaving the group’s board. Through a company statement, Chan said he has no disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders.<\/p>\n\n\n\n Yung Mei Yee<\/strong> has resigned as company secretary and the authorised representative with effect from January 26.\u00a0<\/p>\n\n\n\n Genting Hong Kong has also announced that\u00a0Wing Sze Tiffany Wong <\/strong>has been appointed as the process agent<\/strong>\u00a0to replace Chan Kam Hing Chris with effect from January 26.\u00a0A few days ago,\u00a0Tan Sri Lim Kok Thay stepped down as CEO<\/a>\u00a0<\/strong>of the company. Meanwhile, Colin Au has resigned as deputy chief executive officer, group president and executive director.<\/p>\n\n\n\n Genting Hong Kong<\/a>\u00a0filed for liquidation<\/a>\u00a0after a German court rejected a request to release US$88m in funds for its German shipyard unit MV Werften. The cruise ship operator said the petition was essential to \u201cmaximise the chance of success of the financial restructuring<\/strong>\u00a0and to provide a moratorium on claims by any of its unsecured creditors and to seek to avoid a disorderly liquidation of the company.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Chan Kam Hing Chris has resigned as executive director of the company.<\/p>\n","protected":false},"author":176,"featured_media":26763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Hong Kong is experiencing significant executive leadership changes, including multiple director resignations and its CEO stepping down, amidst its filing for liquidation. This follows a German court's rejection of a critical US$88 million funding request for its MV Werften shipyard unit, indicating severe financial distress and potential for a disorderly liquidation.","focusai_entities":"Chan Kam Hing Chris, Yung Mei Yee, Genting Hong Kong, Wing Sze Tiffany Wong, Tan Sri Lim Kok Thay, Colin Au, MV Werften","focusai_location":"Hong Kong, Germany","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Genting Group?","query":"What are the potential contagion risks or financial implications for other entities within the broader Genting Group following Genting Hong Kong's liquidation filing?"},{"label":"Creditor Recovery Outlook?","query":"Given the German court's rejection of funding, what is the projected recovery rate for unsecured creditors in Genting Hong Kong's liquidation proceedings?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23911,23716],"class_list":["post-26735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-gambling-regulation","tag-genting-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26735"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26735\/revisions"}],"predecessor-version":[{"id":26748,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26735\/revisions\/26748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26763"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}