The surprise announcement comes just two months after Ma, who was COO of New World, replaced Adrian Cheng, the third-generation scion of the Cheng family, to stabilize the debt-laden property ...

Adrian Cheng Chi-kong, the former CEO of New World Development (NWD), bought HK$20 million (US$2.57 million) worth of convertible bonds sold by a medical equipment leasing firm, in his first known ...