Summit Ascent appoints David Chua as new executive director CEO

Summit Ascent Holdings Limited, the promoter of the Tigre de Cristal casino resort in Russia, has appointed David Chua Ming Huat as executive director and CEO of the company, with the decision taking effect from 1 May 2021

Summit Ascent Holdings Limited, the plugger of the Tigre de Cristal casino resort hotel in Russia, has ordained David Chua Ming dynasty Huat as executive managing director and CEO of the company, with the decision taking force from 1 May 2021.

The appointment is for the full term of trine years, expiring on 30 Apr 2024, but testament automatically follow renewed for sequential terms of trio years.

Chua is currently the chairman of Travellers International Hotel Group, Inc, the developer and operator of Resorts World Manila. He also served as an independent theatre director of CIMB Investment Bank Berhad, Malaysia from Feb 2015 to Jan 2017.

From Sept 2006 to February 2007 he was COO of Genting Berhad, and from May 2007 to January 2015 Chua worked as the chair of Genting Hong Kong Limited. He was also a theater director of Norse Cruise Line Holdings Ltd. from July 2011 to March 2015. Summit Ascent said Chua has over 20 years of experience inwards the investment funds banking business.

Hong Kong-listed Suncity Group Holdings Ltd owns or so 70% of Summit Ascent. The latter latterly reported an 88% year-on-year wane in profits, while revenue for 2020 was HK$211.2m, compared to HK$532.8m the previous year.

The go down inwards figures was attributed to the Covid-19 pandemic and the global restrictions, as the company’s briny casino, Tigre de Cristal, was shut from 28 March 2020 to 15 July 2020.