The U.S. District Court for the NMI has approved Kan Pacific Saipan’s petition for a writ of execution, granting them the authority to sell property owned by Imperial Pacific International (IPI) LLC in order to satisfy a court judgment exceeding $600,000.

Kan Pacific Saipan was the former lessee of the Northern Mariana’s Resort.

Chief Judge Ramona V. Manglona, Kan pacific, Imperial Pacific International
Chief Judge Ramona V. Manglona

According to the report, Chief Judge Ramona V. Manglona, on the preceding Friday, approved Kan Pacific’s request for a writ of execution concerning IPI’s assets to settle a judgment of $697,801.30, along with accrued post-judgment interest.

This authorization empowers Kan Pacific to seize and auction IPI’s assets, including vehicles, alcoholic beverages, ornamental crystal dragons that adorn its grand lobby, casino-related equipment, and other items.

Dongting Zheng, who served as the manager and director of IPI, has resigned from his position at the Saipan gaming license-holding company.

How-Yo Chi has been appointed as the new manager and director of Imperial Pacific International.

On October 13th, IPI announced that it was facing two winding-up petitions in Hong Kong. These petitions were based on the alleged failure of the company to settle the judgment amount of HK$20.8 million ($2.7 million), along with interest and costs.