Asia

Summit Ascent Announces Boardroom Changes

Published

6 years ago

April 30, 2019

Niji Narayan

Reading Time: < 1 minute

Summit Ascent Holdings, the Hong Kong-based an investment holding company has announced boardroom changes after Suncity Group Holdings, the Hong Kong-based property development company, increased its stake in the operator of Tigre de Cristal in Vladivostok.

Andrew Lo Kai Bong, Suncity’s chief investment officer, has been appointed as deputy chairman of the board. Suncity’s chief financial officer Chiu King Yan has been appointed as executive director. Kuo Jen Hao resigned as non-executive director and chairman of the board.

Suncity said that it had bought a further 24.68% stake in Summit Ascent for HK$717.8m as it seeks to build an “integrated tourism-related platform.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.