New World Development Scion Adrian Cheng Resigns From Board
New World Development Co. 's third-generation heir Adrian Cheng has completely quit the beleaguered Hong Kong property developer less than a year after stepping down as chief executive officer.
Cheng tendered his resignation as a non-executive director and non-executive vice-chairman of New World with effect from July 1 'to devote more time on public services and other personal commitments' and he has no disagreement with the board relating to his resignation, the company said in a stock exchange filing on Monday.
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