Iao Kun Group Holding Co. Ltd., which recently indicated it would concentrate on investments outside the gaming sector, has announced the resignations of Chairman Lam Man Pou and CEO Vong Hon Kun.
According to the Asia Gaming Brief, the executive changes coincide with the company’s acquisition of Jia-Heng Industrial Ltd., a software technology development company focused on the Chinese agricultural industry.
Fong Weng Nam will replace Lam Man Pou as Iao Kun’s new chairman of the board of directors. The businessman has more than 20 years of experience in investment, real estate development and gaming, AGB reported. Fong is a member of the Jinwan Committee of Zhuhai of Chinese People’s Political Consultative Conference; vice president of the Hong Kong and Macao and Taiwan Cultural Exchange Association; vice president of the Macao Chong San Seak Kei Friendship Association; and chief supervisor of the Macao Henan Association.
Lam Chou In, former Iao Kun chief operating officer will serve as co-chief executive officer in charge of gaming. Wang Shun Yang has been appointed as co-CEO and as a director of the board, and will be responsible for Iao Kun’s Chinese technology industry development.
“We are pleased to complete the acquisition and are moving forward rapidly to launch our agriculturally focused e-commerce platform within the next few months,” said Wang. “At the same time, we want to thank Mr. Lam and Mr. Vong for their leadership of IKGH over the years and are gratified to have them remain with IKGH as a valuable resource as we embark on this new chapter.”
