Macau Legend Development Limited’s Co-Chairman and CEO David Chow has seen his voting power increase after being appointed as an alternate director to his mother, Lam Fong Ngo.
Chow is already one of nine directors on the Macau Legend board and one of four Executive Directors. Although no specific reason was given for taking on his mother’s voting rights, Macau Legend said in an announcement that the arrangement shall remain effective “until Madam Lam ceases to be a Director or Mr David Chow’s appointment as an alternate director has been revoked by Madam Lam, whichever is earlier.”
Lam is aged in her 90s.
Macau Legend owns and operates two Macau casinos – Legend Palace and Babylon – as well as the Harbourview Hotel and Rocks Hotel in the Macau Fisherman’s Wharf precinct. It is planning another hotel, Legendale, in the same area.
Chow’s son Donald is also an Executive Director of the company, while wife Melinda is President of Macau Fisherman’s Wharf and son-in-law Adrian Pinto-Marques the Hotel Manaer of Harbourview and Rocks hotels.
According to Macau Legend’s announcement, Chow currently holds interests in 29.28% of the company’s issued share capital.
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