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Cheng Family Injects 54% of CHOW TAI FOOK Shrs into Firm Under Chow Tai Fook Enterprises
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Disclosure of interests from the Hong Kong Stock Exchange shows that CTF Capital, owned by Henry Cheng's family, transferred around 53.93% (5.32 billion shares) of CHOW TAI FOOK (01929.HK) shares last Friday (5th) to Beyond Luck Limited, a subsidiary of Chow Tai Fook Enterprises, through an off-market non-cash transaction. Beyond Luck is currently held around 65% by Chow Tai Fook Enterprises and 35% by CTF Capital. Upon this internal restructuring, Chow Tai Fook Enterprises will hold about 35% of CHOW TAI FOOK through Beyond Luck. According to CHOW TAI FOOK's 2025 annual report, CTF Holding wholly owns Chow Tai Fook Enterprises, which holds around 45.24% in NEW WORLD DEV (00017.HK). It is understood that Henry Cheng's family aims to strengthen the capital structure of the Chow Tai Fook series and unlock business value through an equity overhaul. Chow Tai Fook Enterprises will become the parent company of the family's core businesses, namely CHOW TAI FOOK, CTF SERVICES (00659.HK), and NEW WORLD DEV. AAStocks Financial News |
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