https://www.scmp.com/rss/523220/feed Henry Cheng Kar-shun is the elder son of Hong Kong's "Jewelry King" and property developer Cheng Yu-tung. The younger Cheng is the chairman of New World Development and Chow Tai Fook Enterprises. He oversees business interests in property, infrastructure, retail, and hospitality. A recipient of the Gold Bauhinia Star and Grand Bauhinia Medal, he founded The Better Hong Kong Foundation. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Chow Tai Fook Enterprises, the private investment vehicle of Hong Kong property tycoon Henry Cheng Kar-shun’s family, and related parties, has acquired a Taikoo Shing school campus from Swire Properties in a deal estimated at about HK$400 million (US$51 million), which analysts described as a bet on long-term demand for international schools in the city. The deal – nearly doubling the property’s valuation from an internal transfer in late 2023 at HK$213 million – marks a change from leasing to... https://www.scmp.com/business/article/3353582/chow-tai-fook-turns-tenant-owner-us51-million-hong-kong-school-property-deal?utm_source=rss_feed https://www.scmp.com/business/article/3353582/chow-tai-fook-turns-tenant-owner-us51-million-hong-kong-school-property-deal?utm_source=rss_feed Thu, 14 May 2026 11:00:09 +0000 Zhang Shidong Zhang Shidong Shares of New World Development (NWD) – the beleaguered property developer owned by one of Hong Kong’s richest families – fell on Thursday, after the firm acknowledged it had made no progress on plans to dispose of a mega shopping centre project and introduce new investors. The stock tumbled by as much as 4.7 per cent in Hong Kong, before paring some of the losses to close 4.3 per cent lower at HK$8.95. The Hang Seng Index remained largely unchanged for the day. NWD was still in talks with Hong... https://www.scmp.com/business/china-business/article/3353565/cheng-familys-nwd-slumps-after-admitting-11-skies-new-investor-plans-stalled?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353565/cheng-familys-nwd-slumps-after-admitting-11-skies-new-investor-plans-stalled?utm_source=rss_feed Thu, 14 May 2026 09:10:53 +0000 Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter. “Rosewood has delivered exceptional results in recent years and is one of the family’s most cherished luxury hotel brands,” a source said. The group’s properties were operating as usual, with strategic investments in nearly 30... https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed Fri, 12 Dec 2025 01:41:35 +0000 Cheryl Arcibal Cheryl Arcibal Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units, as well as Latrobe Valley Power (LVP) and its subsidiaries, from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp’s filing with the Singapore stock... https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed Thu, 11 Dec 2025 14:00:13 +0000