Hong Kong’s wealthiest are not what they used to be. Where and how fortunes were made very much charted how quickly they grew their billions in the two decades since Hong Kong returned to Chinese power in 1997.
New World Development Co (HK stock code 0017) is a Hong Kong conglomerate with operations in property, infrastructure, transport, retailing telecommunications and bus and ferry (New World First Ferry) operations.It is controlled by Chow Tai Fook, a holding company owned by businessman Cheng Yu-tung.
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