Macau Legend Development Limited said in a statement to the Hong Kong Stock Exchange this morning that at its request “trading in the shares of the company on the Stock Exchange of Hong Kong Limited has been halted with effect from 9 am on 14 September 2020, pending the release of an announcement of inside information of the company pursuant to the Hong Kong Code on Takeovers and Mergers.”
The statement was issued by order of the Board of Macau Legend Development Limited with David Chow Kam Fai as its co-chairman and executive director.
According to the statement dated 11 September 2020, the company’s executive directors include Chow’s wife Melinda Chan Mei Yi. Both Chow and his wife are former members of the Macao Legislative Assembly (AL).
According to its website, Macau Legend Development Ltd was incorporated under the laws of the Cayman Islands in 2006. “The company acts as an investment holding company,” the statement says.
The corporate profile on its website describes the company as “one of the leading owners of entertainment and casino gaming facilities in Macao,” such as the Macau Fisherman’s Wharf operated by Macau Fisherman’s Wharf International Investment Limited.
According to its website, the company’s businesses include the provision of gaming services to local gaming concessionaire SJM in three major casinos in the latter’s properties, namely Landmark Casino at The Landmark Macau, Babylon Casino and the Legend Palace Casino at the Macau Fisherman’s Wharf, the operation of a casino at the Savan Resorts Hotel and Entertainment Complex in Laos, and the operation of hotels, entertainment and leisure facilities within the latter’s properties.