Silver Heritage announced it has reshuffled its board following the completion of a deed of company arrangement. Former CEO Mike Bolsover is no longer a director, while DFNN's Ramon Garcia and Hatch Asia's Kirk Arambulo are among the new members.
The US District Court for the NMI has ordered Imperial Pacific International to cease operations and all construction work for a week—except for the department working on payroll and security—after ruling in favor of the US Department of Labor in its petition to find IPI and Chairwoman Cui Li Jie in contempt.
Star Entertainment has given a vote of confidence to the potential of the Gold Coast’s tourism industry, pressing ahead with plans to build a A$400 million “Tower for Tourism” despite the Covid-19 crisis.
The Star Entertainment Group said it is pushing ahead with a $400 million "Tower for Tourism" on the Gold Coast, with construction set to begin in coming weeks.
CNMI Representative Edwin K. Propst (D-Saipan) has taken up the cause of Imperial Pacific International’s stranded workers.
Veteran lawyer Michael Dotts has ended his term as general counsel of Imperial Pacific International, noting that the company stopped paying him in December. Nevertheless, he is still a lawyer for IPI in a few ongoing cases.
Silver Heritage said it plans to issue 53,000,795 ordinary shares at A$0.01 each to fund the retirement of debt.