InsiderPH just learned that the “house cleaning” effort initiated by young tycoon Kevin Tan has snagged another ranking official.
In fact, the corporate world is now abuzz that another key “old guard” member of Newport World Resorts’ leadership team has just exited the stage… or, more accurately, been made to exit.
Company insiders revealed that David Chua — a well-known figure in the industry — was recently forced to resign from the board of Travellers International Hotel Group Inc.
This development comes on the heels of the sudden "retirement" of the firm’s CEO Kingson Sian, and the surprise "resignations" of COO Hakan Dagtas and CFO Bernard Than last June 1.
There’s nothing random about these high profile departures, of course, as Chua, Dagtas and Than were key representatives of Genting Hong Kong when it partnered with Alliance Global Group, Inc., the parent company of Travellers.
AGI has since bought out the shares of its joint venture partner and has assumed full ownership of the integrated tourism resort.
Adding to the intrigue is the fact that Chua currently serves as the CEO of Suntrust Resort Holdings, Inc., owned by Hong Kong-listed LET Group Holdings Ltd.
Word on the street is that Chua has since unexpectedly left the country, and it remains unclear what his future will be at LET Group now that the truth about his unceremonious exit from Travellers is finally out.
Senior Reporter
