The Business Times
business-time-50
SUBSCRIBERS

Hong Kong tycoon Cheng Yu-tung dies aged 91

google-preferred-sourceAdd BT as a preferred source
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.

    TRENDING NOW

    The Orchard Boluevard plot (in orange) is estimated to yield around 110 new private homes. 

    Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan

    AI will be a "real game changer" that's poised to create an entirely new sector of growth, says Temasek's Teo Chee Hean.

    Geopolitical risks must be considered before investing in tech: Temasek chairman Teo Chee Hean

    Temasek invests in its portfolio companies, and co-invests with them too, says its chairman Teo Chee Hean (centre).

    Don’t just pump money – Temasek’s portfolio firms, markets must create inherent value: Teo Chee Hean

    The lack of operational clarity in the shake-up of Indonesia’s commodities exports is showing up in trading activity, with fresh fruit bunch prices declining in Sumatra and Kalimantan.

    Indonesia’s commodity export shake-up sparks industry alarm, investor jitters

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More