Maynard Ngu resigns as Altus Property director

MANILA, Philippines – Maynard Ngu, the billionaire behind Cherry Mobile now linked to the anomalous flood control projects, has resigned from his post as independent director at Altus Property Ventures Inc. In a regulatory filing on Tuesday, Altus said its board of directors had accepted Ngu’s resignation effective Monday, Sept. 29. READ: Escudero, Revilla, Binay