News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
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 ...
Reset
Send
The window will close in 5 seconds
Adrian Cheng Purportedly Well Aware Early of Henry Cheng's Remarks of 'Identifying Successor'
Close
Recommend
30
Positive
30
Negative
26
 
SHORT SELL
 
STOCK INFO

NEW WORLD DEV (00017.HK)  -0.020 (-0.477%)    Short selling $3.25M; Ratio 12.877%   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.

Related NewsHSBC Research: HK Property Recovery Takes Time; SHKP, KERRY Preferred
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)  +0.050 (+0.686%)    Short selling $73.30K; Ratio 7.195%   ; chairman and non-executive director of NWDS CHINA (00825.HK)  0.000 (0.000%)   ; chairman and non-executive director of ARTA TECHFIN (00279.HK)  0.000 (0.000%)   ; and executive director of CHOW TAI FOOK (01929.HK)  +0.230 (+3.392%)    Short selling $3.28M; Ratio 17.249%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-28 12:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.