GAMBLING tycoon Stanley Ho and two senior executives from his company, Shun Tak Holdings, yesterday announced their resignation from the board of Grande Holdings. The resignations also apply to the electrical and investment conglomerate's subsidiaries, Capetronic International and Lafe International. Albert Ha, executive director of Grande Holdings, said: ''It is simply a case of Mr Ho being too busy to attend meetings. While being a major shareholder, he is not involved in the day-to-day running of the company.'' Mr Ha said Mr Ho's resignation should be seen as a vote of confidence in the management of the company. ''He is effectively saying, 'we are comfortable with you people'.'' Shun Tak's corporate secretary, Ambrose So, and director, Patrick Huen, also resigned. A spokesman for the company said they were also too busy to fulfil their obligations as board members. Shun Tak's assets include the lucrative jetfoil operations between Hong Kong and Macau. Last month, the controversial company won a claim of legal privilege over documents seized by police during a raid on the firm's offices. Earlier this week, Grande Holdings reported a 47.5 per cent rise in attributable profits to $118 million for the six months ending June 30. Turnover rose 22.9 per cent to $2.84 billion, and an interim dividend of 15 cents was announced. Capetronic International and Lafe International reported profits of $8.05 million and $38.77 million respectively. The company claimed a restructuring helped boost its performance in the face of unfavourable trading conditions.