Hong Kong developer New World replaces CEO after two months

Echo Huang steps in for Eric Ma, who had taken over when scion Adrian Cheng resigned

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The offices of New World Development in Hong Kong on Sept. 27. © Reuters

HONG KONG (Reuters) -- Hong Kong's New World Development said on Friday it had appointed another new chief executive, just two months after it replaced Adrian Cheng, the 45-year-old from its founding family who had succeeded his father Henry Cheng as CEO in 2020.

New World Chairman Henry Cheng said in a statement he was pleased to have found a more suitable candidate in Echo Huang, who has been an executive director of the company and CEO of its New World China Land Limited since 2020.

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