trending Market Intelligence /marketintelligence/en/news-insights/trending/9rp7lCEOfoFqJneoZfSH1w2 content esgSubNav
In This List

New World Development chairman on recuperation leave

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


New World Development chairman on recuperation leave

New World Development Co. Ltd. Chairman Henry Cheng Kar-shun is on leave to rest as he has recently been ill, The (Hong Kong) Standard reported, citing a company statement.

The company's business operations continue as normal under the leadership of the management and the board, according to the statement.

It is understood that 69-year-old Cheng had a "minor stroke" in January and is recuperating in the Hong Kong Sanatorium & Hospital, local publication Apple Daily reported Jan. 28, citing an undisclosed source.

Despite having movement difficulties, Cheng was said to be conscious and in good condition as the stroke was not life-threatening, according to the source.