GGRAsia – Success Dragon chairman and CEO steps down

Success Dragon chairman and CEO steps down

Mar 03, 2017 Newsdesk Industry Talk, Latest News

Gaming services firm Success Dragon International Holdings Ltd announced on Thursday that its chairman and chief executive, Carlos Luis Salas Porras, has tendered his resignation. Mr Salas will remain an executive director of the company until April 1, the firm said in a filing to the Hong Kong Stock Exchange.

Success Dragon stated that Mr Salas informed the company that he “would like to focus on his other businesses”.

The company also announced that it has appointed Li Xuehua as an executive director and chairman with effect from March 3. Ms Li, aged 59, was described has having more than 20 years of experience in corporate finance management.

Success Dragon said in Thursday’s filing it is in the process of searching for suitable candidates to fill the CEO role.

The Hong Kong-listed firm said last month it had made an agreement to invest in a renewable energy company, as Success Dragon works to diversify its business into non-gaming areas.

Success Dragon’s operations include “outsourced business process management and IT [information technology] services” for the gaming industry. Its outsourced business process management is divided into electronic gaming equipment management in Macau and the provision of management services for greyhound racing business in Vietnam.

Success Dragon said in November that its net loss for the fiscal first half had narrowed to HKD29.3 million (US$3.8 million), compared to HKD140.3 million in the prior-year period.