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Henry Cheng Family Negotiates Sale of Some Rosewood Hotel Group Assets: Wire
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Representatives of NEW WORLD DEV (00017.HK)'s Chairman, Henry Cheng, have engaged with several companies to discuss the possibility of selling some assets under Rosewood Hotel Group, Bloomberg quoted sources as saying. Rosewood Hotel Group is managed by Henry Cheng's daughter, Sonia Cheng, and is owned by the Cheng family's investment arm, Chow Tai Fook Enterprises. The company acquired an entity holding hotel operating rights and shareholder loans for $1.96 billion in 2015. AASTOCKS Financial News Website: www.aastocks.com |
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