Summit Ascent Replaces Retired Non-Executive Director

Hong Kong-listed Summit Ascension Holdings Inc. announced that it would appoint two non-executive directors to its board of directors and replace two resignations. Lau Yu-cheng and Li Chak-hung would fill positions on the board vacated by the resignations of Alfred Fang Hing-jung and Anthony Ten Gan-hui. It was announced on the Hong Kong Stock Exchange on Thursday.

Summit Ascension said Mr Fang and Dr Tain had resigned because they had other duties and had no disagreement with the rest of the board.

Summit Accent is the leading developer of Tigred de Crystal (pictured), the only casino resort so far in Russia’s Far East Maritime Integrated Entertainment Zone (IEZ).

The company said Mr. Lau has held various senior management positions in private and public enterprises in Hong Kong and abroad, is an independent non-executive director, chairman of Sand Martin International Holdings Limited, and managing director of BH Capital Link Development Limited.

Summit Ascension said Li is a certified public accountant and an independent non-executive director of DreamEast Group, Asiasek Properties and Sand Martin.

Igor Tropimov, general secretary of the Maritime Development Corporation, told GGRAsia last month that local governments in the region would remain unchanged from their tax burden on casino resorts. The Maritime Province IEZ is a casino development area 50 kilometers (31 miles) from Russia’s Pacific port city of Vladivostok.

The second phase of Tigre de Cristal is planned for 2020 or 2021. Meanwhile, the operator will add a number of villas and service apartments to the property next summer.

BY: 슬롯사이트

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