Suncity’s Lo among 2 Summit Ascent execs to Suntrust board
Two senior executives of Hong Kong-listed Summit Ascent Holdings Ltd have respectively become board directors at Suntrust Home Developers Inc, a Philippine entity investing in a casino hotel in Manila that is part of the Westside City Project. The board move is according to a Suntrust filing to the Philippine Stock Exchange on Tuesday.
Andrew Lo Kai Bong (pictured in a file photo), also an executive director of Hong Kong-listed Suncity Group Holdings Ltd, and deputy chairman of Summit Ascent, has been appointed a director of Suntrust, with effect from Tuesday.
David Chua Ming Huat, an executive director and chief executive of Summit Ascent, has also been appointed as a Suntrust director with effect from Tuesday, said the latter.
Mr Chua is also currently chairman of Travellers International Hotel Group Inc, the developer and operator of the Resorts World Manila casino resort in the Philippine capital.
Mr Lo and Mr Chua have respectively replaced Joey Villafuerte and Josephine Marie Salazar as Suntrust directors upon the latter pair’s resignation on Tuesday.
Suncity Group Holdings indirectly owns 51 percent of Suntrust. Suncity Group Holdings is led by Macau casino junket boss Alvin Chau Cheok Wa, the head of Macau VIP brand Suncity.
Suncity Group Holdings is also the controlling shareholder of Summit Ascent, with approximately 69.66 percent. Summit Ascent promotes the Tigre de Cristal casino resort in Vladivostok, Russia.
Related articles
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
International Ent to invest at least US$1bln in Manila IR September 28, 2023 
Resorts World Sentosa fined again for AML rule breaches September 27, 2023 
Galaxy Ent to build ice rink, bookshop at Macau old… September 28, 2023 
Events a boon, Citi ups Macau 4Q GGR forecast to US$6.5bln September 27, 2023