New World Chairman: Company Not Affected by Patriarch Cheng Yu-Tung's Hospitalization
26 9월 2012 - 6:39PM
Dow Jones News
By Chester Yung
HONG KONG--Property-to-infrastructure conglomerate New World
Development Co.'s (0017.HK) Chairman Henry Cheng said Wednesday the
company's operations haven't been affected by the hospitalization
of company founder Cheng Yu-Tung.
"Since my father has retired (in March), he has no involvement
in (the) company's operation. His admission to hospital has no
impact on the company," said the younger Mr. Cheng, adding that his
father's health doesn't weigh on the developer's share price.
The developer said last week Cheng Yu-Tung had been
hospitalized.
Before stepping down in March, the elder Mr. Cheng--who remains
a chairman emeritus--had served as company chairman for three
decades, and continues to be widely respected for his sharp
business insights.
Write to Chester Yung at chester.yung@wsj.com
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