The announcement was made following the resignation of Sutharshan Kandiah from his role as chief financial officer.<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0Suntrust Resort Holdings<\/strong>, a subsidiary of\u00a0LET Group Holdings<\/strong>,\u00a0has announced through a company filing that Yip Ho Chi <\/strong>has been appointed as chief financial officer (CFO) following the resignation of Sutharshan Kandiah<\/strong>.<\/p>\n\n\n\n According to the company, Yip will remain in its new role as CFO during the remainder of the term of Kandiah and until his successor is duly elected and qualifies for the position. Suntrust stated: “To be clear, the appointment of Yip is conditioned upon the issuance by the relevant government agencies of the necessary work permits.”<\/p>\n\n\n\n Yip Ho Chi has over 20 years of experience in corporate finance. He has worked as CFO for several publicly listed companies on the stock exchange of Hong Kong. He also worked as CFO at Summit Ascent Holdings Limited, Melcolot Limited (now Crypto Flow Technology Limited) and Sandmartin International Holdings.<\/p>\n\n\n\n Suntrust’s CFO also spent eight years at Deloitte Touche Tohmatsu, a global accounting firm, from 1992 to 2000. He is a fellow of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He holds a Bachelor\u2019s Degree in Business Administration (Accounting and Finance) from The University of Hong Kong.<\/p>\n\n\n\n Suntrust’s only activity at present is the development of its Westside City project<\/a>, which is expected to open in the first quarter of 2025<\/a>. The US$1bn project is set to include 400 gaming tables and 1,200 slot machines, 450 five-star hotel rooms and 960 parking spaces.<\/p>\n","protected":false},"excerpt":{"rendered":" The announcement was made following the resignation of Sutharshan Kandiah from his role as chief financial officer.<\/p>\n","protected":false},"author":176,"featured_media":777015964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Suntrust Resort Holdings, a subsidiary of LET Group Holdings, has appointed Yip Ho Chi as its new Chief Financial Officer, succeeding Sutharshan Kandiah. Yip brings over 20 years of corporate finance experience, including roles at publicly listed companies and gaming entities, which is critical for the ongoing US$1bn Westside City integrated resort project in the Philippines, slated for a Q1 2025 opening.","focusai_entities":"Suntrust Resort Holdings, LET Group Holdings, Yip Ho Chi, Sutharshan Kandiah, Summit Ascent Holdings Limited, Melcolot Limited, Crypto Flow Technology Limited, Sandmartin International Holdings, Deloitte Touche Tohmatsu, Hong Kong Institute of Certified Public Accountants, Association of Chartered Certified Accountants, The University of Hong Kong","focusai_location":"Philippines, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.75), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CFO's Strategic Impact?","query":"How will Yip Ho Chi's extensive experience with publicly listed companies and prior gaming sector roles influence Suntrust's capital structure and financial strategy for the Westside City project?"},{"label":"Westside City Project Funding?","query":"What are the immediate financial priorities for the new CFO regarding the US$1bn Westside City project, particularly concerning its Q1 2025 opening timeline and operational ramp-up?"}],"footnotes":""},"categories":[157,16333],"tags":[23911,22948],"class_list":["post-777021734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-gambling-regulation","tag-suntrust"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021734","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=777021734"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021734\/revisions"}],"predecessor-version":[{"id":777021735,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021734\/revisions\/777021735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777015964"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}