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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 ...
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.
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]
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 ]
The company is headed by Henry Cheng, the elder son of Dr Cheng Yu-tung. Mr. Brian Cheng and Mr. Gilbert Ho are the Co-Chief Executive Officers [4] of the Company. Before 2020, the company was involved in infrastructure and service businesses in Hong Kong, Mainland China and Macau. Its infrastructure division included roads, energy, water and ...
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]
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 Chow Tai Fook group began with the Chow Tai Fook jewellery store, founded by Chow Chi-yuen in 1929 in Guangzhou, China. The store shifted its business to Portuguese Macau in 1940 [5] (some say 1931 [7]) and then to British Hong Kong after the breakout of the Second Sino-Japanese War [7] in the 1930s and the establishment of the People's Republic of China in 1949.