{"id":156716,"date":"2025-06-30T19:17:53","date_gmt":"2025-06-30T12:17:53","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-leaves-new-world-after-securing-funding-lifeline\/"},"modified":"2025-07-01T10:52:51","modified_gmt":"2025-07-01T03:52:51","slug":"adrian-cheng-leaves-new-world-after-securing-funding-lifeline","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-leaves-new-world-after-securing-funding-lifeline\/","title":{"rendered":"Adrian Cheng leaves New World after securing funding lifeline"},"content":{"rendered":"


\nAdrian 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.
\nCheng resigned as non-executive director of NWD, effective July 1, to \u201cdevote more time to public services and other personal commitments,\u201d according to a filing to the Hong Kong stock exchange.
\nEarlier, NWD said it successfully obtained HK$88.2…
\n
\nSource : South China Morning Post
\nRead more…Adrian Cheng leaves New World after securing funding lifeline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-156716","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ELG","jetpack-related-posts":[{"id":172696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-former-scion-of-hong-kongs-nwd-expands-k11-brand-in-xiamen\/","url_meta":{"origin":156716,"position":0},"title":"Adrian Cheng, former scion of Hong Kong\u2019s NWD, expands K11 brand in Xiamen","date":"October 5, 2026","format":false,"excerpt":"\r Adrian Cheng Chi-kong, former heir apparent to Hong Kong\u2019s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family\u2019s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng\u2019s K11 by AC Group along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-nwd-says-it-will-create-shared-value-as-it-takes-control-of-state-theatre-building-site\/","url_meta":{"origin":156716,"position":1},"title":"Hong Kong developer NWD says it will \u2018create shared value\u2019, as it takes control of State Theatre Building site","date":"October 8, 2020","format":false,"excerpt":"\r The conservation of the 68-year-old State Theatre in Hong Kong\u2019s North Point district will be the highlight of property company New World Development\u2019s (NWD) redevelopment plan, according to its executive vice-chairman.The developer, which is worth HK$99.7 billion (US$12.9 billion), was pursuing financial success as well as social benefits with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167129,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-signs-retail-partnership-with-wafi-group-headed-by-dubai-royal\/","url_meta":{"origin":156716,"position":2},"title":"Adrian Cheng signs retail partnership with Wafi Group, headed by Dubai royal","date":"December 11, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai royal and businessman to spruce up the retail, leisure and cultural offerings of Wafi City, one of the United Arab Emirates (UAE) city\u2019s top shopping destinations. Cheng and Dubai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chow-tai-fooks-henry-cheng-reveals-hong-kong-empires-win-win-investment-philosophy\/","url_meta":{"origin":156716,"position":3},"title":"Chow Tai Fook\u2019s Henry Cheng reveals Hong Kong empire\u2019s win-win investment philosophy","date":"January 19, 2026","format":false,"excerpt":"\r Chow Tai Fook Enterprise (CTFE), the parent of embattled New World Development (NWD), will keep pursuing deals that create \u201cwin-win outcomes\u201d, chairman Henry Cheng Kar-shun said as he revealed the private investment holding company\u2019s philosophy for the first time. While all investors love to talk about mutual benefit, Cheng\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-focuses-on-transformative-industries-under-new-firm-almad-group\/","url_meta":{"origin":156716,"position":4},"title":"Adrian Cheng focuses on \u2018transformative industries\u2019 under new firm ALMAD Group","date":"September 21, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong has launched a new business focused on \u201ctransformative industries\u201d, including culture and healthcare, nearly three months after the third-generation scion of New World Development (NWD) left the company. His new enterprise, ALMAD Group, will target markets in Southeast Asia and the Middle East, as well as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160309,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nwd-says-it-has-not-received-proposal-from-cheng-family-on-capital-injection\/","url_meta":{"origin":156716,"position":5},"title":"NWD says it has not received proposal from Cheng family on capital injection","date":"September 2, 2025","format":false,"excerpt":"\r New World Development (NWD) shares dropped on Tuesday after the property developer said it has not received a proposal from its controlling shareholder, the billionaire Cheng family, on a capital injection. \u201cSave that the company is in discussions with respect to a loan facility led by Deutsche Bank as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156716"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=156716"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156716\/revisions"}],"predecessor-version":[{"id":156717,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156716\/revisions\/156717"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=156716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=156716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=156716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}