Suntrust Resort Holdings has announced the appointment of Yip Ho Chi as its new Chief Financial Officer, in a decision announced following a Board of Directors meeting on January 2nd, 2025.
In a dispatch submitted to the Philippine Stock Exchange, the group revealed that Yip will assume the role for the remainder of Sutharshan Kandiah’s term and until a successor is elected.
The company indicated that Kandiah has officially resigned from his position as Chief Financial Officer and has relinquished all related duties and responsibilities.
Yip, a 55-year-old Chinese citizen from Hong Kong, served as CFO for various publicly listed companies on The Stock Exchange of Hong Kong Limited. His previous roles include CFO at Summit Ascent Holdings Limited since 2013, Melcolot Limited (now Crypto Flow Technology Limited) from 2009 to 2013, and Sandmartin International Holdings Limited from 2000 to 2009.
In addition to his CFO experience, Yip has eight years of audit experience with Deloitte Touche Tohmatsu, one of the Big Four accounting firms, from 1992 to 2000.
He also has expertise in initial public offerings (IPOs) and is a Fellow of The Hong Kong Institute of Certified Public Accountants and The Association of Chartered Certified Accountants. Mr. Yip holds a Bachelor’s Degree in Business Administration with a focus on Accounting and Finance from The University of Hong Kong, graduating in 1992.
Suntrust’s sole activity is the development of the $1.1 billion Westside City project, a five-star hotel and casino being operated under a lease agreement with a subsidiary of Newport World Resorts operator Travellers International Hotel Group (under the Alliance Global Group – AGI).
Westside City had previously been expected to open in the first quarter of 2025, shifting back from 4Q24. The most recent Suntrust Resort results indicate that the 1Q25 commencement of operations at Westside City is on track.
