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Cheng Yu-tung GBM (Chinese: 鄭裕彤; 8 August 1925 – 29 September 2016) was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, Macau, United States, Australia and other areas. He was considered to be Hong Kong ...
New World Development was founded on May 29, 1970, [3] with Dr. Ho Sin Hang as chairman and Cheng Yu-tung as Director and General Manager. The group went public on the Stock Exchange of Hong Kong Limited (SEHK) (SEHK: 17) in 1972. [4]
The Cheng Yu-tung Family refers to a wealthy Hong Kong–based family best known for controlling Chow Tai Fook, via which it also owns New World Development and Rosewood Hotel Group, among other businesses. [1]
Henry Cheng Kar-shun, GBM, GBS (Chinese: 鄭家純; born 11 December 1946) is a Hong Kong billionaire property developer. Cheng is the elder son of Cheng Yu-tung , who founded Hong Kong-listed New World Development , of which Henry succeeded his father as chairman. [ 1 ]
Adrian Cheng Chi-kong (Chinese: 鄭志剛, born 2 November 1979) is a Hong Kong entrepreneur and business executive [1] [2] [3] son of property developer Henry Cheng and grandson of Cheng Yu-tung. He is the former CEO and executive vice-chairman of the family company, New World Development , [ 4 ] the heir and executive director of jewelry ...
Hip Hing Construction Ltd., the Company's predecessor, was founded in British Hong Kong in March 1961 by Dr. Cheng Yu-tung, Dr. David Sin and Mr. Yan Kao.In 1973, the Company was restructured to become an affiliate of New World Development. [2]
The expense of the Development was about $170 million. It received various donations from the public, including the TS Kwok Foundation, the Tin Ka Ping Foundation, Wong Bing-lai, Serena Yang Hsueh-chi, Stanley Ho Hung-sun, the Chiang Chen Industrial Charity Foundation, Cheng Yu-tung, Solomon Lee Kui-nang and others. [32]
Henry Cheng, son of the late Cheng Yu-tung, was ranked 49th. Some of the members of the aforementioned "new" families were also on the list, such as Peter Woo, son-in-law of the late Pao Yue-kong (6th), Michael Kadoorie (12th), the brothers Tung Chee-hwa and Chee-chen (17th) and Chan Tan Ching-fen, widow of Chan Tseng-His (35th). [23]