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Adrian Cheng Purportedly Well Aware Early of Henry Cheng's Remarks of 'Identifying Successor'
NEW WORLD DEV (00017.HK) Chairman Henry Cheng openly stated in a TV interview earlier that he was identifying a successor for his family business, while accentuating that he might ...
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Adrian Cheng Purportedly Well Aware Early of Henry Cheng's Remarks of 'Identifying Successor'
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NEW WORLD DEV (00017.HK)  +0.020 (+0.278%)    Short selling $17.79M; Ratio 34.058%   Chairman Henry Cheng openly stated in a TV interview earlier that he was identifying a successor for his family business, while accentuating that he might hire someone externally if he couldn't find a suitable candidate in the family.

According to sources quoted by Bloomberg, Cheng's children had no prior knowledge of his remarks in the interview, while sources said his eldest son, Adrian Cheng, knew about the interview and its contents before the program was broadcast.

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Based on official information, Cheng is currently the executive vice chairman and chief executive officer of NWD; an executive director of NWS HOLDINGS (00659.HK)  +0.060 (+0.740%)    Short selling $57.20K; Ratio 1.191%   ; chairman and non-executive director of NWDS CHINA (00825.HK)  +0.015 (+4.839%)   ; chairman and non-executive director of ARTA TECHFIN (00279.HK)  -0.001 (-2.381%)   ; and executive director of CHOW TAI FOOK (01929.HK)  +0.040 (+0.562%)    Short selling $10.10M; Ratio 24.288%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 16:25.)

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