Hong Kong’s Summit Ascent Holdings has announced the appointment of David Chua, Chairman of Resorts World Manila operator Travellers International Hotel Group Inc, as its new Executive Director and CEO.
According to a Monday filing, Chua, 58, has entered into a letter of appointment that will see him join Summit Ascent for an initial term of three years from 1 May 2021 until 30 April 2024. He will be entitled to annual remuneration of HK$3.6 million (US$463,000).
Summit Ascent, of which Suncity Group Holdings holds a 69.66% stake, is majority shareholder of Oriental Regent Ltd after increasing its interest to 77.5% late last year. Oriental Regent Ltd is the operating entity of Tigre de Cristal, located in the Primorye Entertainment Zone near Vladivostok, Russia.
Chua joins Summit Ascent after 15 years with companies associated with Malaysia’s Genting Group. He was Chief Operating Officer of Genting Berhad from September 2006 to February 2007, President of Genting Hong Kong from May 2007 to January 2015 and a director of Norwegian Cruise Line Holdings, of which Genting Hong Kong once held an 11.18% share, from July 2011 to March 2015.
Genting Hong Kong holds a 50% stake in Travellers International Hotel Group Inc, which opened Resorts World Manila in 2009.
RelatedPosts
