New World CEO to leave after two months in succession saga

Quick Summary:

Leadership uncertainty comes as Hong Kong developer faces deep losses.

The company’s stock was suspended from trading on Nov 29 after its shares fell as much as 6.9 per cent following the Bloomberg report.

Mr Henry Cheng remains in charge of the family office and chairman of all three listed companies.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: World’s Family Cents Chief Cent Company Company’s World Cheng Development Months

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 16:15:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 594 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23940860

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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