{"id":28504,"date":"2022-03-29T07:51:52","date_gmt":"2022-03-29T10:51:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28504"},"modified":"2026-04-23T10:06:27","modified_gmt":"2026-04-23T13:06:27","slug":"ipi-appoints-chen-feng-as-joint-chairman-and-executive-director","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-appoints-chen-feng-as-joint-chairman-and-executive-director","title":{"rendered":"IPI appoints Chen Feng as joint chairman and executive director"},"content":{"rendered":"\n

The company has also announced the appointment of Chi Yuan as an independent non-executive director.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.-\u00a0Imperial Pacific International (IPI)\u00a0<\/strong>has announced the appointment of Chen Feng as co-chairman and general manager. Feng<\/strong>\u00a0has held various finance-related positions in companies such as Fuzhou Zhongwei Industrial Co. and Xiamen Lurun Financial Management Consulting Co.\u00a0<\/p>\n\n\n\n

Meanwhile, Chi Yuan<\/strong>\u00a0will join IPI as an independent non-executive director. Since 2007, he has held financial management roles in China, including food manufacturing, textile manufacturing, footwear and hospitality.<\/p>\n\n\n\n

The appointment period is for two years and both appointments are effective from March 25.<\/p>\n\n\n\n

Several senior IPI executives have left the company amid its various difficulties, with chief executive\u00a0announcing his resignation in February<\/a>\u00a0after just a year in the job. Authorities on the Northern Mariana Islands will decide in May whether to revoke the company’s currently suspended licence.\u00a0<\/p>\n\n\n\n

Last week, the casino operator told its remaining employees that it had been\u00a0unable to pay their utility bills<\/a>. Some security personnel and construction workers live in an IPI-provided apartment in Garapan, but IPI says it\u2019s been able to pay this month\u2019s bills. It said relocation options would be offered.<\/p>\n\n\n\n

IPI currently has 15 construction workers <\/strong>tasked with removing tower cranes from unfinished buildings at its casino hotel in Garapan, plus 17 security guards maintaining the venue and warehouses in San Antonio and Lower Base and eight administrative staff at an office at Flame Tree in Sadog Tasi.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has also announced the appointment of Chi Yuan as an independent non-executive director.<\/p>\n","protected":false},"author":176,"featured_media":19434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) has announced the appointment of Chen Feng as co-chairman and general manager, and Chi Yuan as an independent non-executive director, effective March 25. These appointments occur amidst significant operational and financial challenges for IPI, including executive departures, inability to cover employee utility costs, and an impending regulatory decision in May regarding the revocation of its suspended Northern Mariana Islands gaming license. The company maintains a minimal operational footprint with construction, security, and administrative staff.","focusai_entities":"Imperial Pacific International (IPI), Chen Feng, Chi Yuan, Fuzhou Zhongwei Industrial Co., Xiamen Lurun Financial Management Consulting Co.","focusai_location":"Northern Mariana Islands, Garapan, San Antonio, Lower Base, Sadog Tasi, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IPI Governance Impact","query":"What immediate impact do these executive appointments have on IPI's capacity to resolve its severe financial distress and regulatory non-compliance issues?"},{"label":"License Revocation Precedent","query":"How might the Northern Mariana Islands' decision on IPI's license revocation establish a precedent for regulatory enforcement against distressed operators in nascent gaming markets?"}],"footnotes":""},"categories":[16336,157],"tags":[14213],"class_list":["post-28504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28504"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28504\/revisions"}],"predecessor-version":[{"id":28511,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28504\/revisions\/28511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}