New World Development’s decision to tear down and rebuild two of the seven blocks at The Pavilia Farm residential project in Tai Wai has shocked Hong Kong, wiping out more than HK$6.6 billion (US$850 million) in market value in just two days.The market is closely watching how CEO and executive vice-chairman Adrian Cheng Chi-kong handles the company’s biggest crisis since he took over in 2017. He is the third generation of the Cheng family to lead New World Development, which was founded by his…
Source : South China Morning Post
Read more…Are New World’s damage-control measures in the wake of The Pavilia Farm debacle enough? Experts weigh in on the issue















