Former legislator Paul Cheng Ming-fun has been appointed the new board chairman of Link Management Limited, the company set up to manage the Link Reit listing. The Housing Authority and Link Management made the announcement yesterday, saying the appointment would take effect on Friday. Mr Cheng, 68, will also serve as the board's non-executive director. The listing of the Link Reit - Hong Kong's first real estate investment trust privatising the authority's shopping malls, car parks and markets - was aborted in December after a lawsuit was launched by two public housing estate tenants. The challenge is ongoing. Mr Cheng was formerly chairman of Hong Kong's largest car retailer, Inchcape Pacific, the Hong Kong General Chamber of Commerce and the American Chamber of Commerce in Hong Kong. He is now a steward of the Hong Kong Jockey Club and an independent non-executive director of several listed companies, including Wharf Holdings and Esprit Holdings. 'I am delighted to accept the appointment to continue the mission to bring the best service to the public,' Mr Cheng said. The board's first chairman, Peter Wong Tung-shun, resigned after being appointed HSBC's executive director for Hong Kong and the mainland, a position he takes up on Friday. Mr Wong said he had felt unable to put in the time required to serve the board properly, according to a government press release.