Cheng has been gradually stepping away from his family-related operations, ceasing to be director of New World’s K11 Group and K11 Concepts from November last year.
Adrian Cheng, former CEO of New World Development, has stepped down as a director of the closely held Chow Tai Fook Enterprises, marking a further retreat from the business empire long associated with his lineage.
He resigned as a director of Chow Tai Fook Enterprises, the Cheng family’s investment vehicle, on June 30, according to company registry records. Ming Pao reported the change earlier.
