HK's New World Development shares surge on new CEO appointment

HK's New World Development shares surge on new CEO appointment

FILE PHOTO: A general view of developer New World Development's office tower, K11 Atelier King's Road, in North Point of Hong Kong, China February 2, 2023. REUTERS/Clare Jim/File Photo

Shares of New World Development rose more than 6% on Monday after the Hong Kong property developer appointed a new chief executive just two months after it replaced Adrian Cheng, the 45-year-old scion of its founding Cheng family.

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