New World Development Appoints CEO

MT Newswires Live

2024/12/03

New World Development (HKG:0017) named Echo Huang Shaomei as the developer's chief executive officer, according to a Nov. 29 press release.

Huang succeeded Eric Ma Siu-Cheung, who sat on the role for two months.

Ma took over the CEO role from Adrian Cheng after the property developer logged a loss of HK$19.7 billion in the fiscal year ended June.

Shares slid 1% during Tuesday's late morning trading.

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