HONG KONG -- The race to lead the Cheng family conglomerate of Hong Kong is now in full swing, as four siblings have attained prominent roles in the business empire, just when the group's core development arm is set to book its first annual loss in two decades.
Chow Tai Fook Enterprises, the investment holding company of the family, set up a new chief executive office late last month staffed by three co-CEOs, with one being Christopher Cheng Chi-leong, the third and youngest son of family head Henry Cheng Kar-shun.
