Philip Wong steps down as non-executive director of Summit Ascent

Summit Ascent Holdings has reported Philip Wong has resigned as a non-executive director “to devote more time to personal matters.”

The Philippines.- Summit Ascent Holdings Ltd. has announced that Philip Wong Pak Ling has tendered his resignation as a non-executive director. According to the press release, Wong Pak Ling’s resignation was “in the best interests of the company, and also allow him to devote more time for his personal matters.”

Wong Pak Ling said he has no disagreement with the board and there is no matter concerning his resignation that needs to be brought to the attention of the shareholders of the company. He was appointed as a non-executive director in June 2019, when Alvin Chau Cheok Wa assumed as the chairman of the company.

Alvin Chau has recently submitted his resignation as CEO of Suncity Group Holdings following his arrest in Macau due to Chinese accusations of cross-border gambling and money laundering. The company stressed that, as far as it knows, no other group units or employees are being investigated for illegal gambling and money laundering activities. 

The operator of Tigre de Cristal resort in Vladivostok said that none of its employees has been investigated or accused of anything and that the accusations against Tigre de Cristal’s involvement in cross-border gambling were false.