Termination of Employment of Executive
Sydney, Mar 19, 2019 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) ("Donaco" or "the Company") announces that the employment of Mr Joey Lim as an executive of the Company has now been terminated with immediate effect.
Mr Joey Lim is the former Managing Director and Chief Executive Officer of the Company. He has been on leave from that role since 6 December 2018.
Mr Joey Lim remains on the Board as a non-executive Director.
Mr Benjamin Lim currently remains as Interim MD and CEO. The Board will commence a recruitment process to hire a permanent CEO.
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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