New World’s Adrian Cheng climbs succession ladder
Third-generation family member Adrian Cheng, 36, has been promoted to executive vice-chairman and general manager of New World Group – a possible signal of future succession plans.
The timing of the announcement was downplayed as a coincidence by Cheng who for the first time presented the six monthly results for the Hong Kong-based property behemoth.
New World Group reported revenues for the six months to 31 December of HKD26.6 billion ($3.4 billion).