{"id":777023928,"date":"2025-03-11T08:51:03","date_gmt":"2025-03-11T11:51:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023928"},"modified":"2026-04-22T00:58:58","modified_gmt":"2026-04-22T03:58:58","slug":"let-group-announces-board-changes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/let-group-announces-board-changes","title":{"rendered":"LET Group announces board changes"},"content":{"rendered":"\n

The company has appointed four new directors to its board.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.-\u00a0LET Group Holdings\u00a0<\/strong>has issued a company filing announcing the appointment of four new directors to its board. <\/p>\n\n\n\n

Lam Hung Tuan<\/strong> has been appointed as executive director. He is currently the chief technology officer of Suntrust Resort Holdings, a subsidiary of the company. Previously, he served as vice president of Information Systems and Technology (IS&T) at Hoi An South Development, an indirect subsidiary of a then joint venture from November 2021 to July 2022. Las has entered into a service agreement for a term of one year renewable automatically.<\/p>\n\n\n\n

The company has also announced that Tou Kin Chuen <\/strong>and John Lo Wai Tung<\/strong> have returned to the company as non-executive directors. Tou joined the company on April 26, 2012, and was an independent non-executive director until January 15, 2024, and from May 2, 2024, to November 5, 2024. He has also been named chairman of LET Group\u2019s audit committee and a member of the remuneration committee, nomination committee and risk management committee.<\/p>\n\n\n\n

John Lo joined the company on October 10, 2012, and was an independent non-executive director from October 10, 2012, to January 15, 2024, and from May 2, 2024, to November 5, 2024. He joins as chair of the remuneration committee and as a member of the other three committees.<\/p>\n\n\n\n

LET Group also appointed Chan Suet Ngan<\/strong> as an independent non-executive director and as chair of the nomination committee and risk management committee. She will also serve as a member of the audit committee and the remuneration committee.<\/p>\n\n\n\n

Chan obtained a bachelor’s degree in commerce from the University of Auckland, New Zealand. She is a member of CPA Australia and a member of the Hong Kong Institute of Certified Public Accountants. Chan was an executive director of 8088 Investment Holdings between 2018 and 2024.<\/p>\n\n\n\n

The company announced that Lo Kai Bong has resigned from the risk management committee.<\/p>\n\n\n\n

In its filing, LET Group reported that trading in its shares \u201cwill remain suspended until the company has met all resumption guidance \u2026 remedied the issues causing its trading suspension, and fully complied with the listing rules to the satisfaction of the [Hong Kong] Stock Exchange.”<\/p>\n\n\n\n

The suspension has been in place since February 14, 2024. In January, the company reported that its principal businesses remained unchanged since the last quarterly announcement and that day-to-day operations remained stable. It said\u00a0the Westside City integrated resort (IR) project in Manila<\/a>\u00a0is under construction and progressing as planned. There remain challenges at Tigre de Cristal in Russia due to sanctions against Russia.<\/p>\n\n\n

\n
\"The
The Tigre de Cristal casino resort in Russia.<\/figcaption><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

The company has appointed four new directors to its board.<\/p>\n","protected":false},"author":176,"featured_media":777020164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"LET Group Holdings has announced significant board appointments, including an executive director and several non-executive directors with key committee assignments, signaling a restructuring of its governance framework. Concurrently, the company's shares remain suspended on the Hong Kong Stock Exchange due to non-compliance with listing rules, while updates on its integrated resort projects in Manila and Russia highlight ongoing operational developments and challenges.","focusai_entities":"LET Group Holdings, Lam Hung Tuan, Suntrust Resort Holdings, Hoi An South Development, Tou Kin Chuen, John Lo Wai Tung, Chan Suet Ngan, 8088 Investment Holdings, CPA Australia, Hong Kong Institute of Certified Public Accountants, Lo Kai Bong, Hong Kong Stock Exchange","focusai_location":"Hong Kong, Manila, Russia, New Zealand","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), operator_casino (0.7), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Resumption Guidance Impact?","query":"What specific resumption guidance from the Hong Kong Stock Exchange must LET Group Holdings satisfy, and what is the projected timeline for addressing the issues causing its trading suspension?"},{"label":"Tigre de Cristal Strategy?","query":"How is LET Group Holdings mitigating the operational and financial impact of international sanctions on its Tigre de Cristal integrated resort in Russia, and what are the long-term strategic implications for that asset?"}],"footnotes":""},"categories":[157,16333],"tags":[24197],"class_list":["post-777023928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-let-group-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023928","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=777023928"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023928\/revisions"}],"predecessor-version":[{"id":777023949,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023928\/revisions\/777023949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777020164"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}