Joseph Lau appoints wife as executive director

Hong Kong business tycoon Joseph Lau Luen Hung has named his wife Kimbee Chan Hoi Wan as an executive director of Chinese Estates Holdings Ltd., effective from Monday. According to a company filing, Ms. Chan will hold office until the next following annual general meeting of the company and will be entitled to an annual remuneration of HK$100,000 (US$12,450). The couple married last November after the businessman announced that his relationship with ex-girlfriend Yvonne Lui Lai Kwan had ended in 2014. A major shareholder of the company, Mr. Lao stepped down as chairman and CEO of Chinese Estates in 2014 after Macau’s courts convicted him of bribery and money laundering in the corruption case of disgraced former Secretary Ao Man Long.