HomeNewsPhilippinesSuntrust reshuffles board with two new director appointments

Suntrust reshuffles board with two new director appointments

Philippines-listed Suntrust Resort Holdings Inc. has announced changes to its board of directors, appointing two new members effective December 26th, 2025, as it continues to advance the long-delayed Westside City integrated resort project in Parañaque’s Entertainment City.

In a disclosure, the company said its board approved the appointment of Yip Ho Chi and Lam Hung Tuan as new directors, following the resignation of Jose Alvaro D. Rubio and Neoli Mae L. Kho for personal reasons. The resignations also took effect on December 26th, with both outgoing directors relinquishing all duties and responsibilities on the same date.

Yip, aged 56, currently serves as the company’s Chief Financial Officer and brings more than 20 years of experience as CFO of companies listed on the Hong Kong Stock Exchange. His previous roles include senior finance positions at SA Holdings, MelcoLot Limited—now known as Crypto FlowTechnology Limited—and Sandmartin International Holdings Limited. He also spent eight years with Deloitte Touche Tohmatsu and has experience in initial public offerings. Yip is a fellow of both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants in the United Kingdom.

Lam, 48, an Australian national, currently serves as an executive director of LET Group Holding Ltd. He previously held a senior technology role at Hoi An South Development Ltd. and has more than two decades of experience in the information technology sector, with a particular focus on gaming operations.

The board changes come as Suntrust continues work on the Westside City integrated resort, a $1.25 billion casino, hotel and entertainment complex that has faced repeated delays. The project is now targeting an opening in the third quarter of 2026.

In September, as reported by AGB, Philippines Travellers International Hotel Group Inc., part of Alliance Global Group Inc., and its partner Suntrust were set to inject up to $450 million to complete the development.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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