Henry Cheng Kar-Shun

New Business

Li Auto CEO tops Hong Kong’s highest-paid directors list for 2024: Webb-site

Chinese electric-vehicle maker Li Auto’s founder and CEO Li Xiang topped Hong Kong’s paid director ranking for 2024 with a…

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New Business

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline,…

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New Business

Hong Kong developer NWD meets 2025 sales target and wins commitment to refinancing

Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of…

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New Business

Luxury malls in Beijing, Shanghai slash rents, change tenant mix as consumer spending dips

A slowdown in Chinese consumer spending on luxury goods is affecting high-end malls in Beijing and Shanghai, with shopping centres…

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New Business

Adrian Cheng invests in medical equipment firm in first bet after exit as New World CEO

Adrian Cheng Chi-kong, the former CEO of New World Development (NWD), bought HK$20 million (US$2.57 million) worth of convertible bonds…

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New Business

New World Development plans sweetening of terms on two loans that it is seeking

New World Development plans to sweeten the terms of two loans it is seeking, using a prized asset that it…

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New Business

Hong Kong homebuyers flock to NWD’s State Pavilia project amid ‘attractive’ pricing

The latest residential project of New World Development (NWD) received a warm reception on Saturday, as Hong Kong homebuyers snapped…

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New Business

Hong Kong’s NWD raises prices for State Pavilia flat sale amid ‘enthusiastic’ interest

New World Development (NWD) raised prices for a new batch of units in a sought-after residential project on Hong Kong…

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New Business

Hong Kong’s NWD prices State Pavilia residential project in North Point at huge discount

New World Development (NWD) on Thursday priced its latest Hong Kong residential project at a substantial discount, as the embattled…

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New Business

K11’s Adrian Cheng resurfaces in French cultural exchange with President Emmanuel Macron

Adrian Cheng Chi-kong, the founder of the K11 Art Foundation (KAF) and former CEO of New World Development (NWD), recently…

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