HONG KONG -- Hang Lung Properties, one of the largest real estate developers in Hong Kong, announced Tuesday that Chairman Ronnie Chan will retire and hand over the position to his son, Adriel Chan.
The Hong Kong-listed company said in a filing to the local stock exchange that the elder Chan, 74, will step down after an annual general meeting scheduled for April 26. He has been chairman since 1991. He will also resign from the board, but will take up a new title of "honorary chair."
