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Hong Kong tycoon Cheng Yu-tung dies aged 91

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Published Fri, Sep 30, 2016 · 09:50 PM

    Hong Kong

    THE billionaire founder of Hong Kong property group New World Development Co Ltd, Cheng Yu-tung, died late on Thursday aged 91, the company said on Friday.

    Mr Cheng amassed an over US$16 billion fortune building an empire that spans jewellery, real estate, hotels, infrastructure and telecommunications, through deals including with US businessman and presidential candidate Donald Trump.

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