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Chinese Property Giant Mulls Replacing Billionaire Heir as CEO

DeFi Daily News by DeFi Daily News
September 26, 2024
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New World Development suspended trading in Hong Kong after Bloomberg reported that the firm is considering replacing third-generation scion Adrian Cheng as CEO. The development comes after write downs that led to the developer’s first annual loss in two decades. Bloomberg’s Conglomerates and Media Reporter Shirley Zhao discusses the details with Yvonne Man on “Bloomberg: The China Show.”
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Tags: BillionaireCEOChineseGiantHeirMullsNew World Development Co.PropertyReplacingShirley ZhaoYvonne Man
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