Frank Ng Resigns as Allied Esports Entertainment CEO



Frank Ng Resigns as Allied Esports Leisure CEO | Orange County Enterprise Journal

Frank Ng

Frank Ng

Irvine-based Allied Esports Leisure, Inc. (NASDAQ: AESE) stated at the moment that Frank Ng had resigned as the corporate’s chief government, and that Libing (Claire) Wu will assume the roles of CEO, president and normal counsel, efficient instantly.

Allied Esports stated Monday it had accomplished the $105 million sale of its World Poker Tour unit to Component Companions LLC. Allied had beforehand stated it will be exploring “alternatives in on-line leisure” after the sale.

Shares in Allied Esports Leisure fell 4.9% to $2.12 apiece for a market cap of $83 million after the announcement of Ng’s resignation.

Wu, the brand new CEO, was beforehand an impartial director on the corporate’s board and is a New York lawyer with over 15 years of expertise specializing in company and securities legal guidelines. 


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