** Shares of Cambodia casino operator Nagacorp Ltd drop as much as 13.2% to HK$2.83, lowest since June 2012
** Stock on track for the biggest one-day pct decline since April 2012 if losses hold; second biggest pct loser in Hang Seng Composite Index
** Co says its founder and senior chief executive officer Chen Lip Keong passed away on Dec. 8 due to illness
** Co names Chen's son, Chen Yiy Fon, as the new chief executive officer
** "The board is of the view that the passing away of Dr. Chen will not have any material impact on the operations of the group" - co
** Hang Seng Composite Index falls 1.4%, Hang Seng Index drops 1.5%
** Stock down 56.6% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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