New World Development names Huang Shaomei CEO as Eric Ma resigns after 2 months

Quick Summary:

Huang’s three-year contract will see her earn HK$984,880 a month; Ma has quit to pursue other personal commitments, NWD says.

At 55 per cent, its net gearing or debt-to-equity ratio, is among the highest in the industry.

As an executive director, she will also be entitled to an annual fee of HK$362,000.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Hong Business Other Debt Mainland China World Development Eric According Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 14:37:21 (5 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 24090819

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