Three directors associated with Success Dragon International Holdings Ltd. have resigned their posts. According to GGRAsia, CEO Jiang Dan, Chairman Li Xuehua and non-executive Director Jia Limin reportedly left to “focus their time and effort on other business.”
Jiang and Li only assumed the directorial roles in March. At that time, previous Chairman and CEO Carlos Luis Salas Porras resigned, also to “focus on other businesses.”
In a filing to the Hong Kong Stock Exchange, Success Dragon announced the appointment of Tan Teng Hong as chairman and CEO effective June 7. Tan is a member of the board of directors of Banque de Développement de Guinée in the Republic of Guinea and holds a 2.93 percent stake in Success Dragon.
The company also appointed Chung Yuk Lun as an independent non-executive director.
Success Dragon also announced it would not to acquire a $20 million stake in Primus Power Corp., an energy business in Mainland China. “Following Mr. Jiang’s resignation, it is the board’s decision not to exercise the Primus option or enter into any definitive agreement in relation to any of the potential investments,” the filing stated.
Success Dragon had previously indicated it planned to diversify into non-gaming areas of business. Part of the firm’s operations include business process management and information technology services for the gaming industry, GGRAsia reported.
