HK's New World Development CEO to step down just two months in role

HK's New World Development CEO to step down just two months in role

A general view of developer New World Development's office tower, K11 Atelier King's Road, in North Point of Hong Kong, China February 2, 2023. REUTERS/Clare Jim

New World Development’s CEO Eric Ma is expected to step down, Bloomberg News reported on Friday, just two months after taking over the top job at the Hong Kong-based loss-making and indebted property developer.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter