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New World Scion Adrian Cheng Steps Down
New World shares soar after Hong Kong property scion Adrian Cheng steps down
Eric Ma, a former secretary for development of the Hong Kong government and family outsider who was appointed as New World’s chief operating officer in January this year, will be taking over Cheng’s role. Cheng will become a non-executive vice-chair of New World.
Hong Kong Billionaire Cheng Family’s Scion Adrian Steps Down As CEO Of New World Development
Adrian Cheng, 44, said he resigned voluntarily to focus on public services after the Hong Kong property developer recorded its first annual loss in two decades.
Adrian Cheng’s resignation marks turning point for New World Development
The unexpected announcement followed the conglomerate's first full-year loss in two decades and raised questions about Cheng's future role within the family empire.
8d
New World Weighs Replacing Billionaire Heir Cheng as CEO
New World Development Co., the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing ...
8d
Adrian Cheng to step down as New World CEO, likely to be replaced by COO Eric Ma: sources
Cheng, born in 1979, will become the non-executive vice-chairman of New World, giving up his title of chief executive officer ...
Artnet
7d
Mega-Collector and Property Tycoon Adrian Cheng Steps Down From CEO Role Amid Financial Woes
Property tycoon Adrian Cheng has stepped down as CEO of his family's business, casting a shadow on the future of his art ...
Yahoo Finance
7d
Adrian Cheng Resigns as CEO of New World Development
Adrian
Cheng
, chief executive officer of
New
World
Development, one of Hong Kong‘s largest real estate developers, has formally resigned after the company posted its first annual loss in two ...
7d
New World promotes Eric Ma to CEO, replacing Adrian Cheng after reporting HK$19.7 billion loss
Adrian Cheng Chi-kong stepped down as New World’s CEO, handing over to Eric Ma Siu-cheung the job that he had held for four ...
10d
Meet the Hong Kong billionaires behind some of the world's glitziest hotels — and the generation who could inherit the empire
Cheng Yu-tung turned his profits from selling jewelry into a multibillion real-estate empire now run by his grandchildren.
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