A scoop quoted by Hong Kong media from foreign media, the big influencer on Xiaohongshu, the heir of the New World Group, Adrian Cheng is likely to step down!
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$NEW WORLD DEV(00017.HK) announced its annual results on the eve, Bloomberg quoted sources as reporting that New World would announce its first annual loss in 20 years, so the major shareholder of New World, the Cheng family, is considering replacing CEO Adrian Cheng. In addition, according to our newspaper, the K11 team led by Adrian Cheng has been laying off employees for days.
Our newspaper is inquiring with New World, but there is no response yet.
When asked about the market rumor that New World would replace CEO Adrian Cheng, Adrian Cheng's younger brother, $CTF SERVICES(00659.HK) Co-CEO Brian Cheng said at a press conference that the topic was sensitive and everything would be clear in 24 hours.
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I wrote an analysis before, and it turned out to be prophetic. @Lu Lu @KarsonKK
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