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Inside the Succession Drama at a Hong Kong Property Dynasty
Podcast |
The Big Take
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
News
Publication Date |
Oct 08, 2024
Episode Duration |
00:13:56

Adrian Cheng, the third-generation scion of property dynasty New World Development, seemed poised to take over his family’s $20 billion empire. But last month, in a surprising twist, he was replaced as CEO by someone outside of his family.  

On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Shawna Kwan about the succession drama at New World, the possible ripple effects on other family dynasties in the region, and what it all could mean for the future of one of Hong Kong’s major property developers.

Read more: New World Scion’s Fall Upends Succession at $23 Billion DynastyFurther listening: $200 Billion, Four Heirs and One Might Indian Empire

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