Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho
Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho

Hong Kong property

Business /  Companies

New World Development puts Harvard-educated scion in charge of China flagship unit amid succession plan at Hong Kong property empire

  • New World Development appoints Adrian Cheng as executive chairman of flagship China unit, a sign of progress in succession plan
  • Mainland China accounted for about one-third of the group revenue, 38 per cent of gross profit in 2019, company filings

Topic |   Hong Kong property
Pearl Liu
Pearl Liu

Updated: 11:31pm, 12 Feb, 2020

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Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho
Adrian Cheng Chi-kong has been given the task to oversee the group’s property business in mainland China in another sign of succession planning at New World Development. Photo: Tory Ho
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