U Chio Ieong resigns as non-executive director of Summit Ascent

Following Philip Wong’s departure as a non-executive director, U Chio Ieong has also stepped down from Summit Ascent Holdings.

The Philippines.- A week after Summit Ascent Holdings communicated Philip Wong’s departure as a non-executive director “to devote more time to personal matters,” it’s announced U Chio Ieong will also resign. Through a press release, U Chio Ieong said he wanted to “devote more time to his other business engagements.”

The company said there was no disagreement with the board and “no matter concerning his resignation that needs to be brought to the attention of the shareholders of the company.”

Alvin Chau has 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.