Property News · June 30, 2025

Adrian Cheng leaves New World after securing funding lifeline


Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default.
Cheng resigned as non-executive director of NWD, effective July 1, to “devote more time to public services and other personal commitments,” according to a filing to the Hong Kong stock exchange.
Earlier, NWD said it successfully obtained HK$88.2…

Source : South China Morning Post
Read more…Adrian Cheng leaves New World after securing funding lifeline