Asiabest Group appoints new president

Asiabest Group, the corporate entity used by Universal Entertainment to create a backdoor listing to the Philippine Stock Exchange has appointed a new president, Takashi Oya.

Takashi replaces Kenji Sugiyama, who resigned on February 22, 2019, with the reasons being the “realignment of the corporate structure of the group,” and took the position on March 22, 2019, according to a filing to the Philippine Stock Exchange.

Mr. Oya is the president of Tiger Resort, Leisure and Entertainment (Okada Manila). Previously, he held senior positions at the Fields Research Institute from 2007 to 2018 and was a director of Deutsche Securities from 1999 to 2007.